Seoul: T'way Air Co. announced Thursday it will carry out two separate stock offerings worth a combined 191.2 billion won (US$130 million) to secure funds for operations and facility investments.

According to Yonhap News Agency, the low-cost carrier plans to raise 100 billion won by issuing some 63.81 million common shares at 1,567 won per share. The stocks will be sold to investors designated by the company, with proceeds to be used primarily for operational financing.

In a separate filing, T'way Air said it will additionally raise 91.2 billion won through the issuance of about 76.98 million common shares at 1,185 won per share. This offering will be made to existing shareholders with proceeds mainly to be used to fund facility expenditures.