Bangkok Airways' revenue growth, which was only 6% in 2013 and 7% in 1H2014, has been much slower than Nok or Thai AirAsia. But the top line figures are respectable for a full-service carrier and should grow faster as Bangkok Airways starts to use the proceeds its IPO to accelerate expansion. The company has said the IPO proceeds will be used to acquire new aircraft both replacements and growth as well as upgrade Samui Airport and construct a maintenance hangar at Suvarnabhumi. New-generation narrowbody aircraft, most likely the A320neo, are expected to be purchased Bangkok Airways has already ordered nine ATR 72- to replace its current turboprop fleet of eight ATR 72-500s. A small number of additional turboprop orders are possible as Bangkok Airways pursues opportunities to open short and thin point to point routes such as the recently launched Chiang Mai to Udon Thani, Yangon and Mandalay services