Thai Airways again looking at alliance alternatives

Thai Airways is once again looking at its relationship with the Star Alliance in the run up to its share sale to a strategic partner.

Thai Airways is for the second time this year seeking advice as to whether or not it should remain within theĀ Star Alliance group of airlines.The carrier has this time appointed an aviation industry consultant after earlier in the year seeking the opinion of financial advisers Credit Suisse First Boston CSFB. CSFB was appointed more than a year ago to handle the planned sale of a 23% stake in the airline by the Thai government.

Thai Airways had originally sought CSFB's advice in order to ascertain how Singapore Airlines' SIA membership of Star Alliance might affect the stake sale, involvingĀ an initial public offering of a 13% interest and 10%...

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