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Thai Tiger deal sealed

Thai Airways International (THAI) made a preemptive move to sign a joint venture agreement with Tiger Airways to set up the Thai offshoot of the Singapore-based low-cost carrier (LCC) ahead of the Transport Ministry’s nod. The flag carrier announced a shareholder agreement yesterday to establish Thai Tiger Airways Co Ltd (TTA) in order to get the controversial plan off the ground, even as the Transport Ministry frowns upon the deal. Bangkok Post

 

ThaiVest Editorial Team