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BUSINESS

THAI wary of Nok Air shares float

Business, Amornrat Mahitthirook, Published on 24/05/2017

» Thai Airways International (THAI) Plc has backed away from buying new shares raised by its affiliate Nok Air to increase its capital because the loss-making budget carrier's rehabilitation plan remains unclear and its chief executive must be replaced, says a source at the flag carrier.

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THAILAND

THAI takes revenue hit from fuel

Business, Amornrat Mahitthirook, Published on 16/05/2017

» Thai Airways International Plc (THAI) remains upbeat about its full-year revenue growth target of 5-10% despite a 47.3% drop in net profit in the first quarter amid fierce competition and fuel price hikes.