Restructuring Thai Airways and Asiana offload non-core subsidiaries
By Cirium2021-01-21T10:34:00+00:00 Thai Airways International and Asiana Airlines, both undergoing restructuring, have disclosed details about selling off non-core subsidiaries. Thai Airways completed on 19 January the sale of a 15.5% stake in Bangkok Aviation Fuel Services (BAFS) to Ratch Group for Bt2.7 billion ($90 million), at Bt27.40 per share, it said in a same-day statement. Source: Shutterstock An Asiana Airlines’ Airbus A320 at Guangzhou airport in 2019 Thai Airways states that this is a third-party transaction, and that BASF’s core businesses include aviation fuel storage sy...
Source: flightglobal.com