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Thailand's Shin Corp. Confirms Intent to Invest in Low-Cost Airlines.
Nov. 6--Shin Corporation confirmed yesterday that it was in talks with potential partners to invest in low-cost airlines.
In a statement to the Stock Exchange of Thailand, the communications conglomerate founded by Prime Minister Thaksin Shinawatra said it expected the negotiations to be concluded by the end of this year.
The statement followed reports that Shin was interested in buying a stake in Malaysia's Air Asia, sending its shares to a three-year ...
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Source: HighBeam Research, Thailand's Shin Corp. Confirms Intent to Invest in Low-Cost Airlines.