In accordance with the Memorandum of
Understanding signed on 2 August 2010 between Thai Airways and
Tiger Airways, the two parties have now signed the Shareholders
Agreement necessary to establish Thai Tiger Airways Company
The incorporation of Thai Tiger will occur after
the necessary investment approvals have been granted by the Thai
RyanThai Limited is a co-investor in Thai
Tiger. RyanThai will be represented on the Thai Tiger board by Mr.
Declan Ryan. Mr. Ryan was one of the founding shareholders of both
Tiger Airways and Ryanair.
RyanThai will hold 10% of the paid-up
share capital of Thai Tiger, and Tiger Airways will hold 39% of
the paid-up share capital, while THAI will hold 49.9% of the
paid-up share capital and Promoters (Thai individual shareholders)
will hold 1.1% of the paid-up share capital.
Thai Tiger has been incorporated, a formal application for an Air
Operatorís Certificate will be lodged.
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