Thai Airways International and Tiger Airways have agreed to establish a low-cost carrier called Thai Tiger Airways. Under the agreement, Thai Airways will hold 49.9% of the new airline; Singapore-based Tiger Airways will hold 39% and Declan Ryan’s RyanThai will own 10%. The remaining 1.1% will be owned by individual Thai investors. Thai Airways’ plan to invest 99.8 million baht ($3.3 million) for its stake in Thai Tiger is still pending approval from relevant authorities, including the Ministry of Transport and the National Economic and Social Development Board. Once Thai Tiger’s business plan is approved by the Ministry of Transport,

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