Asia Aviation Pcl (Thailand)

Asia Aviation Pcl is an investment holding company based in Bangkok, Thailand. It was incorporated on February 14, 2006, with a registered capital of Baht 410,000,000. The company is listed on the Stock Exchange of Thailand under the ticker name "AAV." Asia Aviation holds a 100% stake in Thai AirAsia, a low-fare carrier business. In June 2007, the management team conducted a buyout of Asia Aviation from the shareholders, anticipating the growth potential of Thai AirAsia. In November 2011, Asia Aviation acquired an additional 1% shareholding, bringing its total stake in Thai AirAsia to 51%. On December 26, 2011, Asia Aviation became a public company with a registered capital of Baht 485,000,000. The company increased its share capital in Thai AirAsia by Baht 3,900 million on December 8, 2021, and its shareholding in Thai AirAsia increased from 55.0% to 69.2%. On January 20, 2022, Asia Aviation purchased the remaining 30.8% of shares to solely hold the shares in Thai AirAsia. Asia Aviation operates through its subsidiaries, including Thai AirAsia Co., Ltd., which provides low-fare airline services, and Asia Aviation Center Co., Ltd., which offers academy institutions for learning and competency development in the aviation, tourism, and hospitality industries. The company's main segments are scheduled flight operations and chartered flight operations, providing passenger air transportation services to routine and non-routine destinations, respectively. Tickets are sold through various distribution channels, including websites, sale counters, and travel agents.