Kata Rocks
THE PAVILIONS PHUKET BRITISH INTERNATIONAL SCHOOL, PHUKET Kata Rocks
The Phuket News Novosti Phuket Khao Phuket

Login | Create Account | Search


Nok Air to seek B3bn loan, reorganise flight routes

Nok Air to seek B3bn loan, reorganise flight routes

BANGKOK: Troubled budget carrier Nok Air’s plan to seek a B3-billion loan to improve its cash flow has been approved at a meeting of its shareholders, acting CEO Pravej Ongartsittigul said yesterday (Apr 25).

transporttourism
By Bangkok Post

Friday 26 April 2019, 08:40AM


Nok Air’s plan to seek a B3-billion loan to improve its cash flow has been approved at a meeting of its shareholders. Photo: Nok Air

Nok Air’s plan to seek a B3-billion loan to improve its cash flow has been approved at a meeting of its shareholders. Photo: Nok Air

The loan is required to ensure the airline can continue its general operations as well as its business turnaround plan, said Mr Pravej.

Nok Air is accelerating its plan in the hope of staunching further losses, he said.

The airline still faces several risks due to increasingly fierce competition in the sector, compounded by volatile fuel prices, he said.

These factors were hindering its attempts to rein in its operating costs, he said.

Most airlines are struggling to limit their losses, Mr Pravej claimed.

Laguna Golf Phuket

However, the airline is determined to reorganise its routes to match demand and augment profits, he said.

Better aircraft utilisation, especially on international routes, could generate more income and push up profits, he said, adding that revenue from ticket sales on those routes is generally higher than domestic routes.

Earlier this month, the Civil Aviation Authority of Thailand (CAAT) said the Transport Ministry was keeping a close eye on Nok Air after a “worrying” sign on its balance sheet was detected following an audit.

 

Read original story here.

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.

CAPTCHA

Be the first to comment.

Have a news tip-off? Click here

 

Phuket community
Yamil is dead

Their track record isn"t too good.. and how do they know it was suffering" internal stomac...(Read More)


Yamil is dead

I refrained from posting a less than optimistic prognosis for Yamil last night, but I knew this was ...(Read More)


Norwegian tourist charged for killing British man at Phuket resort

And to top your ridiculous list Gerry, Bullman was drunk and totally naked when he broke into the B...(Read More)


Behind bras: GMS Duty Free calls for donated intimates for inmates

K,please stop your clamor.Donate one,even if it is a second hand one from your own collection....(Read More)


Norwegian tourist charged for killing British man at Phuket resort

This is full of rubbish! how is he given bail. And the story is one sided. ...(Read More)


Norwegian tourist charged for killing British man at Phuket resort

"There was no steak knife involved.Moreover,they are vegetarian"!!!Uuhmm,yes.I have read m...(Read More)


Norwegian tourist charged for killing British man at Phuket resort

And the fact that a murderer can so easily get bail.... disgusting!...(Read More)


Norwegian tourist charged for killing British man at Phuket resort

Then why did Bullman chase the wife? Clearly, it's because she was the only witness to the crim...(Read More)


Norwegian tourist charged for killing British man at Phuket resort

All this happened at Centara hotel but the news has been twisted as it most often is to protect the ...(Read More)