Change to Shareholding Structure @ ThaiTiger Airways

The Board of Thai Airways International has approved the establishment of ThaiTiger Airways but with a change to the shareholding structure.

THAI will now hold a 49.9% share and employees of ThaiTiger who have Thai citizenship will hold a collective 1.1% share, totaling 51% shares held by Thai shareholders. For the remaining shares, 39% will be held by Tiger Airways Holdings Limited and 10% by Ryan Asia Limited.

The structure of ThaiTiger Airways’ Board of Directors was adjusted from the original five members to consist of seven board members with representation as follows: four from Thai Airways International and two from Tiger Airways and one from Ryan Asia Limited.

Thai Airways International will invest 99.8 million Thai Baht. The THAI Board has instructed the company to request this investment budget approval from the Office of the National Economic and Social Development Board, according to the 2007 state enterprise budget regulations for investments.

Once the airline has officially registered as a corporation, THAI says it will apply for an air operating license.

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