Thai Airways News
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Slumping stock markets are threatening to disrupt as much as $10 billion of initial public offerings across Asia, as companies from Suntory Holdings Ltd. to Macau Legend Development Ltd. prepare listings.
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AirAsia X Bhd. and Nok Airlines Co. said they will sell shares in initial public offerings to fund expansion plans as economic growth in Asia spurs travel demand.
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Thai Airways International Pcl said it plans to operate the Airbus SAS A380 superjumbo to London’s Heathrow airport following delivery of its fifth and sixth aircraft later this year.
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Thai Airways International Pcl plans to order 37 new aircraft to replace aging planes and expand routes, President Piyasvasti Amranand said.
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The Thai baht’s biggest quarterly gain against the yen since 1998 was enough reason for Kornkarun Cheewatrakoolpong, a 32-year-old economics lecturer in Bangkok, to change her honeymoon destination to Japan from Italy.
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Southeast Asian budget airlines may raise a combined $750 million from initial public offerings this year, Malayan Banking Bhd.’s investment bank said, as no-frills companies take on full-service carriers with cheap fares.
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Thai Airways International Pcl , Thailand’s largest carrier, said economy-class bookings are lagging behind corporate travel because deadly anti-government riots in April triggered a canceling of conferences.
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Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of 10:30 a.m. in Bangkok.
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Shares of the following companies may have unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the close yesterday.
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Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of 11:02 a.m. in Bangkok.
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