Temasek Holdings, the controlling shareholder of Singapore Airlines and a major investor in two Singapore-based LCCs, Tiger Airways and Jetstar Asia, will retain a sizeable stake in Thai AirAsia under a new ownership structure announced yesterday to keep the carrier in compliance with Thai laws on foreign ownership. Last week, Temasek acquired Thai telecom giant Shin Corp. (ATWOnline, Feb. 9), which owns 50% of Thai AirAsia. The other major shareholder is AirAsia with 49%. Thai AirAsia CEO ...

Subscribe to Access this Entire Article

"Singapore's Temasek to keep stake in Thai AirAsia" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.