NOK Fails to Find a New Nest as AAV Ceases the Process of the Acquisition
AAV has announced that the company will not proceed with the acquisition of NOK’s shares.
Regarding the rumors of Nok Airlines Public Company Limited (NOK) and Asia Aviation Public Company Limited (AAV) are in the process of the latter to take over NOK by purchasing its shares from “Jurangkul’s Group,” the major shareholders. AAV asserted on February 25, 2019, that the two companies had been in 2-3 meetings on this matter, but did not have any agreement as of now.
Today, March 6, 2019, AAV has announced that the company will not proceed with the acquisition of NOK’s shares.