FAQ
Answer :
Asia Aviation Public Company Limited (Asia Aviation) is a holding company, which makes an investment only in the low-cost carrier business under Thai AirAsia Company Limited ("Thai AirAsia").
Answer :
Asia Aviation may consider paying dividend by taking into account the performance, liquidity, current cash flow and financial status; the provisions and conditions regarding dividend payment as provided in the load agreements, debentures or any related contracts that Asia Aviation are obliged to comply with; future business plans and capital requirement for investment; as well as other factors as deemed appropriate by the board of directors.
Answer :
AAV is a listed company on the Stock Exchange of Thailand. Its major shareholder is Capital A, which has a shareholding of 45.12% and is represented by 1/3 of AAV's Board of Directors for supervisory responsibilities.
AAV currently owns 100% of TAA, a subsidiary that operates the airline business in Thailand under the Air Navigation Act.
Any significant transactions TAA would decide to engage must be approved by its Board of Directors and Audit Committee, which comprise the same members as those of AAV's.
Answer :
Thai AirAsia X's major shareholders are involve with Mr. Tassapon Bijleveld a major portion under the Thai portion with a smaller portion goes to the local Thai partner, whereas, AirAsia X (Malaysia), who hold 49%, on the foreign portion. Asia Aviation has confirmed upon NO involvement in this set-up.
Thai AirAsia X is flying medium-long haul; it will act as a feeder in bringing more people to Thai AirAsia, connecting people from Japan, Korea and Australia to Thailand. Also, Thai AirAsia X will not have same route as Thai AirAsia as Thai AirAsia X route will fly 4-8 hour time while Thai AirAsia route will within 4 hour time.
Answer :
As most of Thai AirAsia's operating costs (A subsidiary of Asia Aviation) are in USD (i.e. fuel costs, aircraft lease and maintenance expenses), appreciation of Thai Baht is in favorable to Asia Aviation. However, Asia Aviation is keeping a close monitor upon locking the rate through hedging the foreign exchange exposure in order to minimise foreign exchange risks. Other than the natural Foreign exchange hedging that we are doing, our initiatives include matching our revenue and cost within the same currency first.