The sale of Thailand's Shin Corp., which owns 50% of Thai AirAsia, to an investment group led by Singapore's Temasek Holdings sent shockwaves through Kuala Lumpur-based AirAsia. Thai AirAsia was a joint venture between AirAsia (49%) and Shin, the telecom giant founded by Thailand's controversial Prime Minister Thaksin Shinawatra, with 50%. The remaining 1% of the discount airline is owned by Thai AirAsia CEO Tasapon Bijleveld. Temasek, the investment arm of the Singapore government, has a ...

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