MAJOR LCC Nok Air is extending its reach in the tourism industry with plans to establish a travel agency arm, Nok Holiday.
According to a notice dated yesterday and filed to the Stock Exchange of Thailand, Nok’s board of directors has approved the blueprint and the airline is now in the midst of setting up a travel agency.
Nok said it is in the process of applying for a travel agency licence from the relevant government authority.
The same notice said 49 per cent of the travel agency will be owned by the company, with the rest going to individual shareholders.
