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Thai AirAsia Founder Divests Shareholding

Category: Tourism, Posted:14 Jun 2013 | 06:00 am

In business news recently is the founder of Thai AirAsia Tassapon Bijleveld's disposal of shares in the company which reduced his ultimate stake from 33% to 28%.
In an interview with the Bangkok Post Tassapon said he will be reinvesting funds into AirAsiaX Thailand and on two budget hotels managed by French chain ACCOR.
AirAsiaX Thailand is still seeking government approval but is expected to operate on medium haul regional flights to Korea, Japan and other areas up to eleven hours.
Did we just hear a case of the jitters at Thai Airways International?

Other News

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Thailand’s Sandbox Is Not A Quarantine

Category: Tourism, Posted:12 Jun 2021 | 10:45 am As we are 19 days away from Thailand’s Sandbox tourism reopening in Phuket, there continues to be a misunderstanding of the overall rules and the term quarantine is incorrectly used. Quarantine by definition is isolation, whereby Sandbox travelers will be able to move throughout their hotel, visit beaches, restaurants, shops etc. Remember Phuket is about […]
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C9 Hotelworks Releases New Krabi Report

Category: Hotels, Posted:07 Jun 2021 | 06:00 am Comparing major Southern Thai resort destinations, Krabi is one that historically balances well between the international and domestic markets. In the new Krabi Hotel Market Update from C9 Hotelworks, we take a look back at pre-Covid trading to examine from what point hoteliers hope tourism will upcycle towards recovery and what will the trends be. […]
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SHA Plus Program In Focus

Category: Hotels, Posted:06 Jun 2021 | 13:17 pm A key part of the upcoming Phuket Sandbox reopening process is the requirement for incoming international travelers to stay in an SHA Plus hotel for 14 days, or shorter if only visiting the island. Those who want to travel onward to other destinations in Thailand can proceed after a 14-day period. As travelers are scrambling […]