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<p><strong><a href="https://www.dealstreetasia.com/?s=Asia+Aviation">Asia Aviation</a></strong>, majority shareholder of budget airline<span class="highlight" data-qa-component="highlight-text"> <strong><a href="https://www.dealstreetasia.com/?s=Thai%C2%A0AirAsia">Thai </a></strong></span><strong><a href="https://www.dealstreetasia.com/?s=Thai%C2%A0AirAsia"><span class="highlight" data-qa-component="highlight-text">AirAsia</span></a></strong>, said on Wednesday that it would not proceed with an acquisition of shares in rival carrier <strong><a href="https://www.dealstreetasia.com/?s=Nok+Airlines">Nok Airlines</a></strong>, sending Nok&#8217;s shares down.</p></article>

Asia Aviation, majority shareholder of budget airline Thai AirAsia, not to proceed with acquisition of shares in rival carrier Nok Airlines, sending Nok's shares down.

Thai AirAsia owner says it will not acquire rival Nok Air

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Thai AirAsia owner says it will not acquire rival Nok Air

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