Thailand: New bill on foreign quota for aviation
The cabinet Tuesday approved a new bill on civil aviation that authorises the Civil Aviation Board (CAB) to decide the proportion of foreign ownership in Thailand's aviation business. The move is aimed at enhancing Thailand to become an aviation hub in Southeast Asia. Kobsak Phutrakul, assistant minister to the prime minister's Office, said the existing law requires Thai ownership to control 51% of aviation companies and shareholders must be individuals, prohibiting investment by fund companies. That law is considered an obstacle to the development of Thai aviation, said Kobsak. The amendment should be instrumental in enhancing Thailand's capacity to become an aircraft maintenance centre. The govt is keen to promote the aviation industry in the Eastern Economic Corridor. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-02-22/general/thailand-new-bill-on-foreign-quota-for-aviation
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Thailand: New bill on foreign quota for aviation
The cabinet Tuesday approved a new bill on civil aviation that authorises the Civil Aviation Board (CAB) to decide the proportion of foreign ownership in Thailand's aviation business. The move is aimed at enhancing Thailand to become an aviation hub in Southeast Asia. Kobsak Phutrakul, assistant minister to the prime minister's Office, said the existing law requires Thai ownership to control 51% of aviation companies and shareholders must be individuals, prohibiting investment by fund companies. That law is considered an obstacle to the development of Thai aviation, said Kobsak. The amendment should be instrumental in enhancing Thailand's capacity to become an aircraft maintenance centre. The govt is keen to promote the aviation industry in the Eastern Economic Corridor. <br/>
