10-Jun-2011 12:42 PM
Authorities to cut ownership in Thai Airways; Chinese airline shares down
Analysis
Thailand's Finance Ministry has announced it intends to cut its ownership stake in Thai Airways International from 51.03% to 49.99% and support a bid to end carrier's legal status as a state enterprise. Thai Airways confirmed that a 0.04% stake will be sold to the Crown Property Bureau, but has not said where the other 1% will be sold. Shares in the carrier were 6.2% lower at the end of trading yesterday and
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