Thailand’s Cabinet will allow foreign investors to own up to 100% of the shares in aircraft and parts manufacturing, maintenance and repair companies.
A bill amending the Air Navigation Act (B.E. 2497 - 1954) has been approved. Previously, foreign nationals were only entitled to own a maximum 49% stake in the business, however once the bill is enacted, any non-resident legal entity or private individual may enjoy 100% ownership.
The move aims to attract foreign investors to the aviation industry and promote development of the industrial zone of the Eastern Economic Corridor.