Nok touts new structure | Bangkok Post: business

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Nok touts new structure

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Nok Air and its top management executives have adopted a shareholding structure to hold the majority stake in the joint venture with Singapore’s Scoot to establish a long-haul low-fare carrier based in Thailand. 

The endorsed structure sees the creation of a Nok Air subsidiary, tentatively known as Nok SPV, and a private firm owned equally by four senior Nok Air executives, to take up the 49% and 2% stakes, respectively in NokScoot, the new joint venture airline.

Scoot Pte, a wholly owned subsidiary of Singapore Airlines, is to hold a 49% stake in NokScoot.

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