It's not all that Thai. Perhaps the airline should be more accurately renamed Singapore-Malaysia Air Asia
"Nearly two years ago, 10 months or so before AirAsia’s IPO in late 2004, Temasek Holdings came within a whisker of taking a stake in the region’s largest and most successful low-cost carrier (LCC). Or so AirAsia CEO Datuk Tony Fernandes likes to claim. Since then, however, combative Fernandes has wasted few opportunities for a dig at what he claims are
[ED: THAI'S - GRAB YOUR AIRSICK BAG ...]
Exerpts - for the full-article by Audrina Gan of TheEdge Singapore - go here:
http://www.bangkokpost.com/breaking_news/breakingnews.php?id=119604 - purchase by Thailand investors, still leaving balance of power in Malaysian hands and coffers.