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Thai Airways To Only Sell Stake To Thai Investors  
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13756 posts, RR: 18
Posted (13 years 11 months 5 days 12 hours ago) and read 1978 times:

Thai Airways International - A member of Star Alliance - The Airline Network For Earth, announced plans that it will not sell 10% of itself to a foreign investor.

Instead, it will simply sell shares in itself to Thai investors. Second Vice Chairman Somchainuek Engtrakul said that the selling of shares will begin at the end of 2002.

Previously, Lufthansa and Singapore Airlines Group were interested in buying a stake in TG. This has now gone out the window.

More information at the Reuters / Yahoo website

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