Sources indicate that Thai AirAsia may be working to launch a Thai subsidiary of the AirAsia X brand. The rumours began when Thai AirAsia CEO, Tassapon Bijleveld, diluted his stake in Asia Aviation (AAV), which owns 51% of Thai AirAsia from 33% to 28.05% to raise US$50million (THB1.5billion) for thr...
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