Air Asia X Thailand to launch?

Sources indicate that Thai AirAsia may be working to launch a Thai subsidiary of the AirAsia X brand. The rumours began when Thai AirAsia CEO, Tassapon Bijleveld, diluted his stake in Asia Aviation (AAV), which owns 51% of Thai AirAsia from 33% to 28.05% to raise US$50million (THB1.5billion) for three new projects needed to support TAA’s growth plan. These projects include two budget hotels in Bangkok and an investment in a sister airline of long-haul discount carrier AirAsia X. AirAsiaX is reported to have sought Thai authorities’ endorsement for an air operator’s certificate to operate regular flights from Bangkok Don