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    Subsidiary Company

    Company Name % of Shareholding
     Thai Smile Airways  100
     Thai - Amadeus Southeast Asia Co., Ltd.  55
     Thai Flight Training Co., Ltd.  49
     Wing Span Services Co., Ltd.  49
     Tour Euang Luang Co., Ltd.  49


    Associated Company

    Company Name % of Shareholding
     Donmuang International Airport Hotel Co., Ltd.  40
     Nok Air Co., Ltd.  8.91
     Phuket Air Catering Co., Ltd.   30
     Suvarnabhumi Airport Hotel Co., Ltd.  30
     Bangkok Aviation Fuel Service Public Co., Ltd.  7.06
     Fuel Pipeline Transportation Ltd.  0.00026
     TradeSiam Co., Ltd.  3.5
     Aeronautical Radio of Thailand Ltd.  0.90
    The Syndicate of Thai Hotels and Tourists Enterprises Ltd.  1.25