Tigerair Taiwan (IT, Taipei Taoyuan) has applied to the Taiwan Stock Exchange to list its shares on the main board and hopes to raise more capital before international travel resumes in 2022, the low-cost subsidiary of Taiwan’s China Airlines (CI, Taipei Taoyuan) has revealed.

According to a list of such applications on the bourse’s website, the carrier lodged its request on December 28, declaring its share capital at the time of the application as TWD4 billion new dollars (USD144.2 million).

As per the rules of the stock exchange, the application said that “if the public has any opinions or doubts about the initial application for a stock listing for Tiger Airways Co. Ltd., they may express them in writing before January 12.”

The airline currently falls short of the requirements for the main board, which are stricter than for the bourse’s emerging stock board, as it posted a loss last year due to Covid-19. However, it should be eligible under relaxed listing rules for companies affected by the pandemic, the exchange told...