Nok posted a 491-million-baht loss in the first nine months of last year. In the same period, Asia Aviation Plc (AAV), the major shareholder in TTA and also listed on the Thai bourse, incurred a net loss of 246 million. It was a reversal for Nok and AAV, which posted net earnings of 1.06 billion and 1.04 billion baht, respectively, for the whole of 2013.