Thai Airways considering stake in Thai AirAsia
Friday, 21 Feb, 2016
0
Executives at flag carrier Thai Airways will meet with their counterparts at Asia Aviation (AAV) which operates Thai AirAsia, this week about a possible share purchase.
It comes after deputy Prime Minister Somkid Jatusripitak urged Thai Airways to consider buying a 20% stake in Asia Aviation.
"I am open to discuss. However, I have to take a look at the detail of the deal first. It’s not only about a share sale but also about the management control. It may be too soon to say anything now, but I may have a discussion with Thai Airways’ president," Asia Aviation CEO Tassapon Bijleveld said.
The Tassapon family are the major shareholder in the airline with 44%.
The deputy Prime Minister’s suggestion is born out of a desire by the government to see Thai airlines collaborate more closely to improve operational performance and connectivity across the ASEAN region.
"Thai AirAsia operates across many routes and has a good profit record. If Thai Airways acquires a stake, it may be a good synergy. However, it is important that Thai Airways should not intervene AAV’s management," an industry analyst told DealStreetAsia.
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 
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
TAP Air Portugal to operate 29 flights due to strike on December 11
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Airbnb eyes a loyalty program but details remain under wraps