Thailand's Nok Air considering IPO

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Thai low-cost carrier Nok Air is considering an IPO, according to the president of its major shareholder Thai Airways.

Speaking to Flightglobal at the World Travel Market 2012 in London, Sorajak Kasemsuvan said the "the feasibility of an IPO is being studied" for the budget airline.

Thai Airways owns a 49% stake in Nok Air, which first contemplated an IPO around the time of its inception in mid-2004.

Kasemsuvan also confirmed that plans have formally been dropped for another Thai low-cost carrier, Thai Tiger.

The proposed joint venture between Thai Airways and Singapore's Tiger Airways failed to secure the green light from the Thai government, he said.