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In accordance with the Memorandum of Understanding signed on 2 August 2010 between Thai Airways International Public Company Limited and Tiger Airways Holdings Limited, the parties have now signed the Shareholders Agreement necessary to establish Thai Tiger Airways Company Limited (“Thai Tiger”). The incorporation of Thai Tiger will occur after the necessary investment approvals have been granted by the Thai authorities.
THAI and Tiger Airways are pleased to welcome RyanThai Limited as a co-investor in Thai Tiger. RyanThai will be represented on the Thai Tiger board by Mr. Declan Ryan. Mr. Ryan was one of the founding shareholders of both Tiger Airways and Ryanair. His involvement signals his strong commitment to the airline and brings invaluable low cost airline experience to Thai Tiger. RyanThai will hold 10.0% of the paid-up share capital of Thai Tiger, and Tiger Airways will hold 39.0% of the paid-up share capital, while THAI will hold 49.9% of the paid-up share capital and Promoters (Thai individual shareholders) will hold 1.1% of the paid-up share capital.
Once Thai Tiger has been incorporated, a formal application for an Air Operator’s Certificate will be lodged.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
