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Foreign Holding in Thai Airways International Possible.

Bangkok Post (Bangkok, Thailand)

| June 04, 2002 | COPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Boonsong Kositchotethana

Jun. 4--Foreign strategic investors including airlines in the Star Alliance and investment banks could be brought into Thai Airways International (THAI) as part of a new growth plan for the national carrier.

Finding overseas partners would be essential in obtaining the additional funds required this year to support the airline's expansion under new chief executive, Kanok Abhiradee.

In an interview, Mr Kanok did not rule out the option of allowing competing foreign airlines to become a shareholder in THAI, an option that was completely ruled out by his predecessor, Virabongsa Ramangkura, who used to hold the positions of chairman and acting president.

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Source: HighBeam Research, Foreign Holding in Thai Airways International Possible.