Thai AirAsia (set: AAV, ) is a Thai low-cost airline. It is a joint venture of Malaysian AirAsia (แอร์เอเชีย) and Thailand's Asia Aviation. It serves AirAsia's regularly scheduled domestic and international flights from Bangkok and other cities in Thailand.
History
On 12 November 2003, AirAsia partnered with Shin Corporation to establish AirAsia Aviation Co. Ltd. (Thai AirAsia). It launched operations in February 2004 by launching flights from Bangkok–Don Mueang to Hat Yai, Phuket, and Chiang Mai.[6]
On 15 February 2006, it was announced that Asia Aviation PLC (AAV), a registered Thai company,[7] had taken Shin Corporation's 50 percent stake in Thai AirAsia. Asia Aviation was a joint venture set up by Shin Corporation, which held 49 percent of Asia Aviation's shares, while 51 percent was held by Thai investor Sittichai Veerathammanoon.[8]