Thai Airways International Public Company Limited (THAI) held a Board of Directors’ Meeting chaired by Mr. Ampon Kittiampon, THAI Chairman, at THAI Head Office with the following announcements:
1. Progress on Establishing ThaiTiger Airways
Board approved the establishment of ThaiTiger Airways with a change to the shareholding structure. THAI will hold a 49.9% share and employees of ThaiTiger who have Thai citizenship to hold a collective 1.1% share, totaling 51% shares held by Thai shareholders. For the remaining shares, 39% will be held by Tiger Airways Holdings Limited and 10% by Ryan Asia Limited.
The structure of ThaiTiger Airways’ Board of Directors was adjusted from the original five members to consist of seven board members with representation as follows: four from Thai Airways International and two from Tiger Airways and one from Ryan Asia Limited. Thai Airways International will invest 99.8 million Thai baht. The THAI Board has instructed the Company to request this investment budget approval from the Office of the National Economic and Social Development Board, according to the 2007 state enterprise budget regulations for investments.
On the progress on the establishment of ThaiTiger Airways, once the airline has officially registered as a corporation, the airline will apply for air operating license.
2. Management Appointments and Transfers
THAI’s Board of Directors approved the transfers below, effective from 19 November 2010:
2.1 Mrs. Bhinkham Rohitasthira, Vice President, Commercial Development and Support Department, as Vice President, In-flight Services Department
2.2 Mr. Sathok Varasarin, Vice President, In-flight Services Department, as Managing Director, Catering Department
2.3 Mr. Teerapol Chotichanapibal, Managing Director, Catering Department, as Vice President, Commercial Development and Support Department and Acting Executive Vice President, Commercial Department
International Public Relations Department
Thai Airways International Public Company Limited
Tel : (662) 545-2662 / 2663 / 1711 / 4686 / 1705 / 2720
Fax : (662) 545-3891