T’way Air announces share issue to raise up to USD179.9 million

    T’way Air announced (09-Jul-2018) plans to issue 12 million new registered common stock at between KRW14,600 (USD13.11) to KRW16,700 (USD14.99) per share. [more – original PR – Korean]

    Also,

    T’way Air plans to secure funds from foreign investors during its non deal road show, scheduled to be held in Hong Kong and Singapore between 11-Jul-2018 and 15-Jul-2018 (The Investor, 06-Jul-2018). As previously reported by CAPA, T’way Air plans to carry out an IPO in Aug-2018 to raise funds for future growth, including the purchase of eight Boeing 737 MAX 8s by 2020.