Thai AirAsia launched operations in February 2004. The first flight of Thai AirAsia from Bangkok-Don Mueang to Hat Yai.. On 15 February 2006 it was announced that Asia Aviation PLC (AAV), a registered Thai company, had taken Shin Corp's 50 percent stake in Thai AirAsia. Asia Aviation was a joint venture set up by Shin Corp., which held 49 percent of Asia Aviation's shares while …