Airline Finance
Posted 02/12/2011
Thai Airways International (TG) acquired an additional 10% in Nok Air, lifting its stake in the low-cost carrier to 49%, it said in a statement to Thailand’s stock exchange. With a 49% share, TG has five directors out of nine on Nok Air's board, compared to four previously, giving it greater control over Nok’s strategy.
Originally published 1 Dec 2011 at: http://feeds.atwonline.com/~r/AtwDailyNews/~3/lvUTLM8KEsM/airline-finance-1201
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