Draft air navigation bill progresses
The cabinet on Tuesday (Dec, 25) approved a draft bill for the air navigation law, allowing foreign investors who win Board of Investment (BoI) promotional privileges to own up to 100% of shares.
Three categories — aircraft manufacturing, aircraft parts manufacturing, and maintenance, repair and overhaul (MRO) for aircraft — will be allowed to enjoy 100% foreign ownership under the draft bill, said Nathporn Chatusripitak, an adviser to the Prime Minister’s Office.
Chatrudee Theparat
