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Thai AirAsia parent walks away from potential Nok stake

March 06, 2019 / GREG WALDRON

Asia Aviation has decided to walk away from a potential stake acquisition in struggling low-cost rival Nok Air.With respect to announcement of Asia Aviation Public Company Limited to the Stock Exchange of Thailand on February 25, 2019 regarding the clarification of news in relation to an acquisition of shares, please be advised that the Company shall not further proceed on such matter,” says the parent of Thai AirAsia in a brief stock exchange statement.Asia Aviation gave no details for its decision. The news comes just five days after Nok confirmed that multiple parties have expressed interest in acquiring shares from its majority shareholders, the Jurangkool family.