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    affiliates

    Subsidiary Company

    Company Name % of Shareholding
     Thai - Amadeus Southeast Asia Co., Ltd.  55

    Associated Company

    Company Name % of Shareholding
     Donmuang International Airport Hotel Co., Ltd.  40
     Nok Air Co., Ltd.  39
     Phuket Air Catering Co., Ltd.   30
     Suvarnabhumi Airport Hotel Co., Ltd.  30
     Royal Orchid Hotel (Thailand) Public Co., Ltd.  24
     Bangkok Aviation Fuel Service Public Co., Ltd.  22.6
     Fuel Pipeline Transportation Ltd.  8.4
     TradeSiam Co., Ltd.  3.5
     Aeronautical Radio of Thailand Ltd.   2.9
     The Syndicate of Thai Hotels and Tourists Enterprises Ltd.  1.25