Showing 1 - 10 of 16
Seven airlines to seek bailout to survive
News, Published on 29/03/2020
» Seven Thai airlines are likely to seek a 16-billion-baht bailout from the Finance Ministry so they can pay their employees while their services are suspended.
Airlines' losses widen on weak tourism, strong baht
Published on 14/08/2019
» Bangkok Airways and smaller Thai carriers have reported surging second-quarter losses as they reeled from a decline in Chinese tourists and a strengthening baht currency.
Nok Air's new shares fully subscribed
Business, Boonsong Kositchotethana, Published on 01/11/2017
» Cash-strapped Nok Air's latest bid to get shareholders to inject 1.7 billion baht in fresh funds and advance a turnaround plan has been declared a success.
Nok Air to see overhaul
Business, Boonsong Kositchotethana, Published on 19/09/2017
» Nok Air's new supremo says his task is to stop losses at the cash-strapped budget airline and turn its business around in no time.
Nok Air's Patee leaves CEO post
Business, Boonsong Kositchotethana, Published on 16/09/2017
» After heading Nok Air since its inception 14 years ago, Patee Sarasin has called it quits as chief executive.
Terror in Spain, turmoil in Washington dent stocks
Business, Nuntawun Polkuamdee, Published on 21/08/2017
» Recap: US political instability and a terrorist attack in Spain put pressure on global stock markets, with Wall Street hitting a three-month low and European and Asian bourses also sinking, though Thailand managed a small gain.
TAA insiders keep distance from Nok
Business, Boonsong Kositchotethana, Published on 03/06/2017
» The chance of Asia Aviation Plc (AAV) acquiring a stake in troubled Nok Air as speculated by stock analysts is remote, according to executives.
Disappointment with Opec accord hits world equities
Business, Published on 29/05/2017
» Recap: Global equity markets retreated last week as a slump in crude prices triggered a sell-off in energy stocks after an Opec-led decision to extend output cuts fell short of expectations. However, markets rallied on Friday amid a consensus that the sell-off had been an overreaction. The energy-heavy Thai stock market started the week strongly in anticipation of good news from Opec, and offshore fund inflows helped to limit losses later.
Nok Air shares gobbled up
Business, Boonsong Kositchotethana, Published on 27/05/2017
» Nok Air confirmed yesterday that almost 82% of its new share offering was taken up despite the refusal of Thai Airways International (THAI) to exercise its subscription rights.
Nok Air shedding costs, aircraft capacity
Business, Boonsong Kositchotethana, Published on 07/03/2017
» Nok Air is embarking on a business recovery plan, but the struggling budget airline's boss says it's a non-starter to expect the company to find its way out of deep financial woes anytime soon.