THAI Smile spin-off approved
Thai Airways International has won the Cabinet's approval to spin off THAI Smile as a new wholly-owned subsidiary.
THAI Smile will be owned 100 per cent by THAI and registered with the capital of Bt1.8 billion.
Though being a state enterprise, THAI Smile will not be regulated by the laws like other state enterprises. Government agencies involved in the aviation industry are also instructed to facilitate the new companyâ€™s applications for business licenses.
THAI Smile started operation last year as a business unit of THAI, operating budget flight services.