Duty-free billionaire and King Power founder said to buy a big lot in Thai AirAsia for $85.7m

Duty-free billionaire and King Power founder said to buy a big lot in Thai AirAsia for $85.7m

Photo: Reuters

Vichai Srivaddhanaprabha, founder and CEO of King Power Duty Free, is looking at foraying into the aviation industry by acquiring 23 per cent stake in Thailand’s listed Asia Aviation Pcl (AAV), the operator of Thai AirAsia, from the carrier’s CEO Tassapon Bijleveld and family for 3 billion baht ($85.7 million).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter