29-May-2013 11:12 AM

VietJet Air is in talks to launch Thai VietJet Air

VietJet Air is reportedly in talks with Somphong Sooksanguan, president of Kan Air and owner of debt-collecting firm Kannithi Co, to launch Thai VietJet Air, a Thai subsidiary (Bangkok Post, 29-May-2013). Under an agreement, Mr Sooksanguan would own 51% of Thai VietJet Air while the remaining share will be owned by VietJet Air due to the Thai Government's restrictions on foreign ownership. No further details have been released.