Bangkok Airways Public Company Limited acquired an additional 15% stake in UTB Company Limited from BTS Group Holdings Public Company Limited for THB 1.6 million on March 18, 2024. Following this transaction, the Company's shareholding in UTB has decreased from 55% to 40% of UTB?s total issued shares, resulting in UTB's transition from a subsidiary to an associate company of the Company.

Bangkok Airways Public Company Limited completed the acquisition of an additional 15% stake in UTB Company Limited from BTS Group Holdings Public Company Limited on March 18, 2024.