Thai AirAsia owner mulling stake in rival Nok Air
There could be some LCC consolidation in the works in the Thailand market.
Asia Aviation, the majority owner of Thai AirAsia is considering whether to buy a stake in rival Thai carrier Nok Airlines.
Asia Aviation responded following media speculation of talks taking place.
"The company is currently considering whether such investment is appropriate," the company’s chief financial officer Santhat Sanguandikul said.
Nok is remaining tight lipped.
It was ‘not aware of any details in this respect’ it claimed.
It is unclear what percentage shareholding has been discussed, if any.
It comes just weeks after Thai Airways reduced its stockholding in Nok by about a third.
Neither airline is currently making a profit due to intense competition so joining forces in some capacity will likely see an improvement in yields.
Asia Aviation owns 55% of Thai AirAsia with the Malaysia based AirAsia Group holding the remainder.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025