10-Jun-2011 11:10 AM

Thailand's Finance Ministry to trim Thai Airways stake

Thailand's Finance Ministry intends to dilute its holdings in Thai Airways International to 49.99% from 51.03% (Bangkok Post, 10-Jun-2011). THAI president Piyasvasti Amranand said the ministry would sell a stake of 0.04% to the Crown Property Bureau. Acting head of the THAI labour union, Jamsri Sukchotirat said the union remained opposing to turning the carrier from a state enterprise to a private company. The finance permanent secretary, Areepong Bhoocha-oom, said the ministry had not yet finalised the amount of THAI shares to be sold, adding the new government would have to approve the sale.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More