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 ...

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