Thai Smile (Bangkok Suvarnabhumi) has completed its separation from parent Thai Airways International (TG, Bangkok Suvarnabhumi). In an announcement to investors, the Thai national carrier noted that on October 17, Thai Smile was set up with a registered capital of THB1.8billion (USD56.15million) sourced from Thai's 2013 & 2014 collective revenue. Thai Smile was previously established as a subsidiary company with 100% shareholding under the status of a state enterprise. Thai Smile is intended to fill a niche in the market between low-cost carriers and full service airlines.