TAA chief funds new ventures | Bangkok Post: business

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TAA chief funds new ventures

Share sale raises cash for new airline, hotels

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Tassapon Bijleveld, the chief executive of Thai AirAsia (TAA), yesterday disposed of some of his stake in Asia Aviation Plc (AAV) to raise 1.5 billion baht for new ventures including hotels and another airline. 

Tassapon: Deal will not affect TAA growth

Mr Tassapon, 46, sold 235 million shares of AAV, the holding firm of TAA, to "fewer than 10" unnamed institutional investors in big-lot sales that effectively reduced his shareholding in AAV to 28.05% from 33%.

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