History
Thai AirAsia launched domestic operations on February 2004.
On 15 February 2006 it was announced that Asia Aviation, a registered Thai company, had taken Shin Corp.’s 50% stake in Thai AirAsia. Asia Aviation was a joint venture set up by Shin Corp., which held 49% of Asia Aviation's shares while 51% was held by Thai investor Sittichai Veerathammanoon.
In May 2007, Thai AirAsia's management acquired 100% of Asia Aviation. Today, Thai AirAsia is 55% owned by Asia Aviation, 45% owned by AirAsia International
Read more about this topic: Thai AirAsia
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