Who owns Thai AirAsia X?
Thai AirAsia X is not wholly owned by any single company recorded here: AirAsia X (Malaysia, Bursa Malaysia: 5238) holds a 49% stake.[1]
Evidence: AirAsia X Berhad Annual Report 2025, 29 April 2026. Last checked .
Key facts
- Largest stakeholder
- AirAsia X Berhad (49% stake) reported
- Headquarters
- 🇲🇾 Malaysia
- Origin
- 🇹🇭 Thailand
- Category
- Travel & transport › Airlines
- Parent ticker
- Bursa Malaysia: 5238
- Last verified
- · 1 sources
About Thai AirAsia X
Thai AirAsia X Co., Ltd is a Thailand-based commercial air transport operator that AirAsia X Berhad accounts for as an associate with a 49 per cent interest. The 2025 annual report describes it as a strategic investment giving access to a wider geographical market across ASEAN, and says it underwent a financial rehabilitation plan approved by the Central Bankruptcy Court of Thailand in September 2023. AirAsia X lists AirAsia X Thailand among its airlines.
Ownership timeline of Thai AirAsia X
Where Thai AirAsia X sits in AirAsia X
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full AirAsia X ownership tree →
See the full AirAsia X brand portfolio (6) →
Other brands owned by AirAsia X
AirAsia X controls 7 brands on Brandtree, 7 of them in travel & transport.
Also in travel & transport
Other brands in airlines, and who owns them
The 509 brands in airlines on Brandtree belong to 341 owners. The largest is Lufthansa Group, with 10; AirAsia X has 6.
| Brand | Owner | Owner based in |
|---|---|---|
| Air Dolomiti | Lufthansa Group | 🇩🇪 Germany |
| China Southern Airlines | China Southern Airlines | 🇨🇳 China |
| Air China | Air China | 🇨🇳 China |
| Aer Lingus | IAG | 🇬🇧 United Kingdom |
| LATAM Airlines Brasil | LATAM | 🇨🇱 Chile |
| Air France | Air France-KLM | 🇫🇷 France |
| Calm Air | Exchange Income | 🇨🇦 Canada |
| Beibu Gulf Airlines | Hainan Airlines Holding | 🇨🇳 China |
About the owner: AirAsia X
AirAsia X is a publicly listed company headquartered in Malaysia.
AirAsia X Berhad is the Malaysian low-cost airline group listed on the Main Market of Bursa Malaysia since 10 July 2013. Its 2025 annual report says that in January 2026 it completed the acquisition of AirAsia Berhad and AirAsia Aviation Group Limited from Capital A Berhad, consolidating all AirAsia-branded airlines under one aviation platform across Malaysia, Thailand, Indonesia, the Philippines and Cambodia. Capital A, formerly the parent of the AirAsia airlines, no longer owns them.
🇹🇭 Thai AirAsia X and other Thai brands
Brandtree records a controlling owner for 72 brands that began in Thailand. 6 of them (8%) are now controlled by a company headquartered in another country, Thai AirAsia X among them.
- Anantara Hotels & Resorts — Minor International 🇹🇭
- BTS SkyTrain — BTS Group 🇹🇭
- Bangkok Airways — Bangkok Airways 🇹🇭
- KEX Express — SF Holding 🇨🇳
- MRT Blue Line — BEM 🇹🇭
- Nok Air — Nok Airlines 🇹🇭
Frequently asked questions
Who owns Thai AirAsia X?
No single company recorded here owns Thai AirAsia X outright. AirAsia X holds a 49% stake.
Does AirAsia X control Thai AirAsia X?
No. A 49% holding does not give control, so AirAsia X shares ownership with others.
Where did Thai AirAsia X come from?
Thai AirAsia X originated in Thailand.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] AirAsia X Berhad Annual Report 2025 — AirAsia X Berhad, Annual report, published 29 April 2026; retrieved 4 October 2026.
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