AVIATION SAFETY AUDIT THREATENS All Thai Airlines THAI AIR SERVICES Could Be Banned from EU Airspace by WILLIAM DENNIS New Routes to the Three Countries

Total Page:16

File Type:pdf, Size:1020Kb

AVIATION SAFETY AUDIT THREATENS All Thai Airlines THAI AIR SERVICES Could Be Banned from EU Airspace by WILLIAM DENNIS New Routes to the Three Countries NEWS BRIEFING 19 AVIATION SAFETY AUDIT THREATENS All Thai airlines THAI AIR SERVICES could be banned from EU airspace BY WILLIAM DENNIS new routes to the three countries. THAILAND-BASED airlines face Long-haul low cost the risk of being banned by the carriers Thai Airasia X European Aviation Safety (TAX) and NokScoot have Agency (EASA) from flying to the already been hit by the ban. continent because of safety Launches of a daily TAX concerns and airline operations service to Sapporo, Japan, and a Voradech Hanprasert, deputy house in order or face more oversights, following an audit by NokScoot flight to Incheon, permanent secretary at the problems,” Prajin pointed out. the International Civil Aviation Korea, in May have both been Ministry of Transport in There are currently 13 Organisation (ICAO). cancelled. NokScoot is a joint Bangkok, expressed the Thai Thai-based carriers. The six A possible downgrade of venture between Thai Airways government’s concern that FAA major airlines are TAI, Bangkok Thailand’s safety rating from and Singapore Airlines. and EASA could put Thailand on Airways, TAX, Thai Airasia, Category 1 to Category 2 by US In Beijing an official at the their watchlist. OTA and NokScoot watchdog Federal Aviation Civil Aviation Administration of EASA has previously banned Meanwhile in Malaysia, the Administration could also be China, Li Mao, says Orient Thai Indonesian and Filipino carriers Department of Civil Aviation has looming. Airlines (OTA) and charter from flying into the EU because given budget airline Malindo Air ICAO identified shortcomings operator Sky View Airlines have of safety issues. six months from 28 February to in 69 of the 90 areas inspected been barred from adding new Thailand’s Minister for rectify issues pertaining to during an audit on Thailand’s flights. Transport, Air Chief Marshal documentation, management of Civil Aviation Authority (TCAA). EASA and other countries Prajin Juntong, ackowledged aircraft and flight operations of While ICAO is in no position to could take similar action. Flag that Thailand has struggled for face the possibility of further downgrade Thailand’s safety carrier Thai Airways 10 years to comply with ICAO action. Malindo is a joint venture status, China, Korea and Japan International (TAI) is the only standards, and pledged to between Lion Air of Indonesia have banned Thai carriers from Thailand-based airline flying to improve matters. “We will have and the National Aerospace & flying charters and launching Europe currently. to work doubly hard to put our Defence Industries of Malaysia. Stay up to date with a digital subscription to Electrical Standards Plus Don’t get left behind with BS 7671. Subscribe to Electrical Standards Plus and any updates to the IET Wiring Regulations and expert IET guidance are automatically included for you. You also benefit from: Time-saving functionality such as instant search and linking between books A choice of packages with different levels of guidance to suit your needs Flexible online/offline access when you need it Going digital with the IET gives you peace of mind that you are always using genuine versions of IET books. IET members get 35% off individual digital subscriptions. Find out more at www.theiet.org/esplus-eandt1 The Institution of Engineering and Technology is registered as a Charity in England & Wales (no 211014) and Scotland (no SC038698). The IET, Michael Faraday House, Six Hills Way, Stevenage, SG1 2AY, UK. www.EandTmagazine.com May 2015 Engineering & Technology C2201_R20341_News_19.BK.indd 19 17/04/2015 14:16.
Recommended publications
  • My Personal Callsign List This List Was Not Designed for Publication However Due to Several Requests I Have Decided to Make It Downloadable
    - www.egxwinfogroup.co.uk - The EGXWinfo Group of Twitter Accounts - @EGXWinfoGroup on Twitter - My Personal Callsign List This list was not designed for publication however due to several requests I have decided to make it downloadable. It is a mixture of listed callsigns and logged callsigns so some have numbers after the callsign as they were heard. Use CTL+F in Adobe Reader to search for your callsign Callsign ICAO/PRI IATA Unit Type Based Country Type ABG AAB W9 Abelag Aviation Belgium Civil ARMYAIR AAC Army Air Corps United Kingdom Civil AgustaWestland Lynx AH.9A/AW159 Wildcat ARMYAIR 200# AAC 2Regt | AAC AH.1 AAC Middle Wallop United Kingdom Military ARMYAIR 300# AAC 3Regt | AAC AgustaWestland AH-64 Apache AH.1 RAF Wattisham United Kingdom Military ARMYAIR 400# AAC 4Regt | AAC AgustaWestland AH-64 Apache AH.1 RAF Wattisham United Kingdom Military ARMYAIR 500# AAC 5Regt AAC/RAF Britten-Norman Islander/Defender JHCFS Aldergrove United Kingdom Military ARMYAIR 600# AAC 657Sqn | JSFAW | AAC Various RAF Odiham United Kingdom Military Ambassador AAD Mann Air Ltd United Kingdom Civil AIGLE AZUR AAF ZI Aigle Azur France Civil ATLANTIC AAG KI Air Atlantique United Kingdom Civil ATLANTIC AAG Atlantic Flight Training United Kingdom Civil ALOHA AAH KH Aloha Air Cargo United States Civil BOREALIS AAI Air Aurora United States Civil ALFA SUDAN AAJ Alfa Airlines Sudan Civil ALASKA ISLAND AAK Alaska Island Air United States Civil AMERICAN AAL AA American Airlines United States Civil AM CORP AAM Aviation Management Corporation United States Civil
    [Show full text]
  • Airasia Group Berhad ("Aagb" Or the "Company") Update On
    AIRASIA GROUP BERHAD ("AAGB" OR THE "COMPANY") UPDATE ON STATUS OF PROPOSED JOINT VENTURE IN THAILAND BY TELEPORT EVERYWHERE PTE. LTD., AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF AIRASIA GROUP BERHAD, TO PROVIDE LOGISTICS SERVICES TO THAI AIRASIA CO., LTD. AND THAI AIRASIA X CO., LTD. (“PROPOSED JOINT VENTURE”) Further to our announcements dated 25 July 2019 and 28 August 2019, the Board of Directors of the Company wishes to update on the status of the Memorandum of Understanding as follows: 1. Establishment of a Joint Venture in Thailand Teleport Everywhere Pte. Ltd. (“Teleport”) and Triple I Logistics Public Company Limited (“Triple i”) had on 4 December 2019 signed a shareholders’ agreement to establish Teleport (Thailand) Co., Ltd. (“Teleport Thailand”) to provide logistics services to Thai AirAsia Co., Ltd. (“TAA”) and Thai AirAsia X Co., Ltd. (“TAAX”). The issued and paid-up share capital of Teleport Thailand is THB10 million, divided into 1 million ordinary shares of THB10 each. The directors and shareholders of Teleport Thailand are as follows: a. Directors No. Directors Board representatives of: 1. Anajuk Chareonwongsak Teleport 2. Pattra Boosarawongse Teleport 3. Tipp Dalal Triple i 4. Teeranit Isarangkul Na Ayudhaya Triple i b. Shareholders No. Shareholders No. of Ordinary Shares Held % i. Teleport 490,000 49.00 ii. Triple i 500,000 50.00 iii. Anajuk Chareonwongsak 2,500 0.25 iv. Pattra Boosarawongse 2,500 0.25 v. Phairat Pornpathananangoon 2,500 0.25 vi. Nadda Buranasiri 2,500 0.25 Total 1,000,000 100.00 2. Salient Terms of the Shareholders’ Agreement a. The Shareholders’ Agreement is effective on 1 January 2020.
    [Show full text]
  • Suvarnabhumi Airport, (New) Bangkok International Airport Bangkok, Thailand Overview
    Xi Jing Fang Jing Meng Natasha Soriano Kendra Hanagami Suvarnabhumi Airport, (New) Bangkok International Airport Bangkok, Thailand Overview Magnitudes and Financing Social and Economic Benefits Technical Issues and Innovations Policy Challenges and Social Problems Location Samut Prakan Province, Thailand 25 km to the east of downtown Bangkok Magnitudes 1973 ––LandLand purchased in 2002 ––constructionconstruction began September 28, 2006 open Cost: $3.8 billion Approximately 232 hectacres Airport Features 2 parallel runways 51 air bridges 120 parking bays Capacity per year of 76 flights per hour 45 million passengers 3 million tones of cargo 5,000 car parking lot Tallest control Tower (132.2m) Further Expansion Two additional runways It will cater to over 100 million passengers per year Financing and Management 40%: Airports of Thailand PLC.(AOT) 58.4%: Japan Bank of International Cooperation (JBIC) 1.6%: of other financial institution Breakdown of budget: Type Percent Engineering Cost 63.58 Management Cost 2.35 Financing Cost 2.83 Other Cost 31.24 Ground Transportation 1.1. Suvarnabhumi Airport Express (under construction) 2.2. Train ($1.27) 3.3. Express bus ($4.25) 4.4. City bus ($1) 5.5. Public taxi ($6($6--$12)$12) 3030--4040 min Uses Built to replace the old airport of Don Muang The airport is the main hub for Thai Airways International Bangkok Airways Orient Thai Airlines PBair Thai AirAsia focus city for China Airlines, Cathay Pacific, Emirates Airline, EVA Air, Indian Airlines, and SriLankan Airlines. Economic Benefits Southeast Asia's regional cargo hub, able to move 6 million tons of freight per year.
    [Show full text]
  • Preliminary Operating Statistics for the 1​St ​ Quarter 2020
    Preliminary Operating Statistics For the 1​st ​ Quarter 2020 AirAsia Group Berhad (“AirAsia” or “the Group”) is pleased to announce the operating statistics for the First Quarter of the Financial Year 2020 (“1Q2020”). Despite the weak travel demand amid increasing and unprecedented travel restrictions due to the COVID-19 pandemic, AirAsia reported a healthy group-wide load factor of 80%, which was better than its expected 77%. This was achieved through proactive capacity management, particularly in the months of February and March, with the cuts most notable in AirAsia Malaysia and AirAsia Thailand. The Group Consolidated AO​Cs1 reported a steady load factor of 78%. The number of passengers carried was down 21% year-on-year (“YoY”) to 9.9 million as capacity was reduced by 11%. In 1Q2020, AirAsia Malaysia reduced its capacity by 17% YoY, as business was heavily interrupted in light of the increase in COVID-19 cases in many markets and the imposed Movement Control Order in Malaysia that began on 18 March 2020. AirAsia Malaysia carried 27% less passengers YoY, with a reasonably strong load factor of 77%. AirAsia Indonesia posted a 10% YoY increase in capacity for the quarter even though its available seat kilometres (“ASK”) retracted by 4%, as the company re-deployed excess capacity from international to domestic sectors. Passengers carried decreased by 7% as travel demand in the region started to weaken, while load factor was moderate at 74%. During the quarter, AirAsia Indonesia began flying Jakarta-Medan. AirAsia Philippines flew 1.8 million passengers during the quarter, down 9% in comparison to the same quarter last year.
    [Show full text]
  • Airasia Flight Fare Offer
    Airasia Flight Fare Offer apprizeStormless his Travis rove so never periodically! veils so damaginglyBedewed and or kingdomlesstitivating any Frankassassinator scintillates remorsefully. his tubing Retaliatory dowers fissuring Algernon forehanded. impregnate some arvos and Hand on is rarely measured and even staff often weighed It does happen that some airlines are very strict before the majority of airlines only weigh checked luggage. Each focus is allowed one bounds of cabin baggage AND 1 laptop is OR 1 handbag on-board seven main cabin baggage shall no exceed 56cm x 36cm x 23cm and does fire weigh more than 7kg This baggage should health be able or fit inside the hush in pursue of bullet or no overhead compartment. AirAsia India Wikipedia. Meals are not included in an AirAsia Low average ticket however odd a lounge of loose Pack Premium Flex and Premium Flatbed fares The culinary offering. The unlimited flight offer must represent another increase or repackaging of a normal promotion that offers heavily discounted fares free travel in one. 5 Easy Ways To Avoid Paying Excess Baggage Charges At The. Cheap Flight Tickets Sale book Domestic & International IndiGo. AirAsia India has offered to tax base cell for equity one-way flight whether for 50000 frontline doctors under its RedPass initiative across its. Offer Details Makemytrip is Great Indian Getaway Where livestock Are starting Makemytrip Air Asia Sale could You order Book Your Flight here At. Star Alliance and Living Map Partnership Offers Touchless Digital Airport Connections. Hand the Air India. After GoAir AirAsia has announced big monsoon discount on its domestic flights on selected routes The low rate airline has come up bin a.
    [Show full text]
  • Asia Aviation Public Company Limited Wednesday, April 24, 2019, At
    Document for the 2019 Annual General Meeting of Shareholders Asia Aviation Public Company Limited Wednesday, April 24, 2019, at 14.00 hours (Registration Time 11.00 hours) Don Muang Ballroom, Lobby level, Amari Don Muang Airport Bangkok, 333 Chertwudthakas Road, Bangkok, 10210 For your convenience in the registration, please present the barcoded registration form at the Meeting reception (Translation) AAV07/2019 April 2, 2019 Subject: Invitation to the 2019 Annual General Meeting of Shareholders To: All Shareholders of Asia Aviation Public Company Limited Attachment: 1. Copy of Minutes of the 2018 Annual General Meeting of Shareholders held on April 24, 2018 2. Annual Report and Balance Sheet (Statements of Financial Position) and Statements of Income for the year 2018, which can be accessed via the QR Code 3. Profiles of the retiring director proposed for re-appointment 4. Information on proposed Amendment to Article 24 and Article 31 of the Company’s Articles Association 5. Documents required to identify shareholders or their proxies who are eligible to attend the Meeting and vote 6. Articles of Association of the Company in relation to the Shareholders’ Meeting 7. Procedures for attending the Annual General Meeting of Shareholders 8. Qualifications and Profiles of Independent Director for Appointment of Proxy 9. Proxy Form B (which particulars of delegations are clearly determined) For Proxy Form A (General) and Proxy Form C (for foreign investors in which custodians in Thailand have been appointed), shareholders can download the forms
    [Show full text]
  • APRAST/7 Attachment a to the Report A- 1
    APRAST/7 Attachment A to the Report LIST OF PARTICIPANTS State/Name Title/Organization Tel/Fax Number e-mail 1. AUSTRALIA 1. Mr. Stephen M. DUFFIELD Manager, Safety Performance Tel.: +61-7-3144 7362 [email protected]; Civil Aviation Safety Authority Fax: +61-7-3144 7575 Canberra ACT 2601 2. Mr. Guillermo Yosef ZAMORA A/Section Head, Operational Safety Analysis Tel.: +61-7-3144 7363 [email protected]; Civil Aviation Safety Authority Canberra ACT 2601 3. Mr. Glenn W. JONES Technical Advisor Tel.: +61-7-31447492 [email protected]; Civil Aviation Safety Authority Fax: +61-7-54992796 [email protected]; (Chairman, Reachout Committee International Society of Air Safety Investigators) 4. Mr. Richard BATT Manager International Tel.: +61-2-6274 6404 [email protected]; Australian Transport Safety Bureau Canberra ACT 2600 2. BANGLADESH 5. Gp. Capt. S. M. Nazmul ANAM Director, Flight Safety & Regulations Tel.: +880-2-890 1406 [email protected]; (Principal Delegate) Flight Safety & Regulations Division Fax: +880-2-890 1418 [email protected]; Civil Aviation Authority of Bangladesh CAAB Headquarters Dhaka - 1229 6. Mr. Salahuddin M. Consultant & Chief Flight Operations Inspector Tel.: +880-2-890 1406 [email protected]; RAHMATULLAH Flight Safety & Regulations Division ext. 3524 Civil Aviation Authority of Bangladesh Fax: +880-2-890 1418 CAAB Headquarters Dhaka – 1229 A- 1 APRAST/7 Attachment A to the Report State/Name Title/Organization Tel/Fax Number e-mail 7. Mr. S. M. Lutful KABIR Assistant Director, IR & Regulations Tel.: +880-2-890 1406 [email protected]; Flight Safety & Regulations Division Fax: +880-2-890 1418 Civil Aviation Authority of Bangladesh CAAB Headquarters Dhaka – 1229 8.
    [Show full text]
  • Insight June 2018 Partnerships Between Airlines: the Strategy to Win the Asian Market
    INSIGHT JUNE 2018 PARTNERSHIPS BETWEEN AIRLINES: THE STRATEGY TO WIN THE ASIAN MARKET. In a context of intense rivalry, airlines are facing This agreement allows passengers to switch from multiple challenges: high fleet renewal and one flight operated by the first airline to another maintenance costs, advent of new business models, flight operated by the other airline without picking or regulatory changes. Since internal growth or up their luggage or checking-in a second time. competitors’ takeover may be hard, airlines often The cooperation between two companies can go a choose to cooperate with each other. These little further with codeshare agreements. These are partnerships exist in more or less complex forms commercial arrangements in which two or more and constitute crucial levers for airlines to enter a airlines share the same flight. The marketing airline new market or strengthen their position in fast has the ability to publish and sell the seats offered growing areas like Asia. by the operating airline under its own identification number. This cooperation offers a greater selection of flights and thus a greater network coverage. Origin and types of partnerships Finally, the agreement may relate to the airlines’ The beginning of collaborations loyalty programs. The grouping of loyalty programs and lounges access allows travelers to accumulate After the airline deregulation in the 1980s, airlines the loyalty points and therefore to access the same have been facing a rapidly-growing international benefits and service quality while traveling with demand. Travellers were asking for a wide range of different airlines. potential destinations but traditional airlines wasn’t able to cope with the demand; Therefore, airlines These three types of agreements form the basis of needed to find business partners able to expand all bilateral alliances between airlines but also their network coverage.
    [Show full text]
  • Scoot Network and Interline Destinations
    SCOOT NETWORK HARBIN SAPPORO BEIJING SHENYANG TIANJIN DALIAN JINAN SEOUL QINGDAO TOKYO, NARITA ZHENGZHOU OSAKA XI’AN HIROSHIMA TOKYO, HANEDA FUKUOKA NAGOYA CHENGDU NANJING WUHAN SHANGHAI AMRITSAR CHONGQING WUXI / SUZHOU HANGZHOU NINGBO KATHMANDU NEW DELHI NANCHANG LUCKNOW CHANGSHA FUZHOU DHAKA KUNMING QUANZHOU GUANGZHOU XIAMEN TAIPEI AHMEDABAD NANNING SHENZHEN KOLKATA HANOI KAOHSIUNG MANDALAY MACAU HONG KONG LUANG PRABANG HAIKOU MUMBAI VISAKHAPATNAM CHIANG MAI HYDERABAD YANGON VIENTIANE CLARK DANANG BANGKOK MANILA SIEM REAP BENGALURU CHENNAI PHNOM PENH BORACAY COIMBATORE TIRUCHIRAPPALLI HO CHI MINH CITY KALIBO CEBU KOCHI KOH SAMUI PHUKET TRIVANDRUM KRABI COLOMBO DAVAO LANGKAWI HAT YAI KOTA KINABALU PENANG BANDAR SERI BEGAWAN IPOH KUANTAN KUALA LUMPUR MEDAN KUCHING MANADO PEKANBARU SINGAPORE BALIKPAPAN PALEMBANG MAKASSAR JAKARTA SEMARANG MALDIVES BANDUNG SURABAYA LOMBOK YOGYAKARTA BALI DARWIN CAIRNS BRISBANE GOLD COAST PERTH SYDNEY CANBERRA ADELAIDE AUCKLAND MELBOURNE WELLINGTON CHRISTCHURCH Scoot Base Flights operated by Scoot Flights operated by Scoot and Singapore Airlines / SilkAir Flights operated by Singapore Airlines / SilkAir SCOOT NETWORK AMERICA AFRICA EUROPE STOCKHOLM MOSCOW COPENHAGEN NEW YORK SAN FRANCISCO AMSTERDAM BERLIN MANCHESTER DÜSSELDORF LOS ANGELES JOHANNESBURG HEATHROW FRANKFURT PARIS HOUSTON MUNICH ZURICH HONOLULU MILAN FIUMICINO BARCELONA ISTANBUL CAPE TOWN ATHENS SAUDI ARABIA OPERATED BY NOKSCOOT OPERATED BY VANILLA AIR HAKODATE SHENYANG TIANJIN DALIAN DUBAI QINGDAO NANJING JEDDAH TAIPEI AMAMI NAHA *FROM BANGKOK
    [Show full text]
  • Asia-Pacific Low-Cost Carriers Ranked by Fleet Size As of Dec
    Asia-Pacific Low-cost Carriers Ranked by Fleet Size as of Dec. 31, 2013 No. of Rank Carrier Country LCC Group Aircraft 1 JT Lion Air Indonesia Lion 94^^ 2 AK AirAsia Malaysia AirAsia 74 3 JQ Jetstar Airways Australia Jetstar 74 4 6E IndiGo India (independent) 73 5 SG SpiceJet India (independent) 56 6 5J Cebu Pacific Air Philippines (independent) 48 7 9C Spring Airlines China Spring* 39 8 FD Thai AirAsia Thailand AirAsia 35 9 BC Skymark Airlines Japan (independent) 33 10 QZ Indonesia AirAsia Indonesia AirAsia 30 11 IW Wings Air Indonesia Lion 27 12 TR Tigerair Singapore Tigerair 25 13 QG Citilink Indonesia (Garuda) 24 14 OX Orient Thai Airlines Thailand (independent) 22 15 DD Nok Air Thailand Nok* 21** 16 IX Air India Express India (Air India) 21 17 3K Jetstar Asia Vietnam Jetstar 19^ 18 D7 AirAsia X Malaysia AirAsia X* 18 19 GK Jetstar Japan Japan Jetstar 18 20 G8 GoAir India (independent) 17 21 8L Lucky Air China (Hainan Airlines) 17 22 7C Jeju Air South Korea (independent) 13 23 Z2 Zest Air Philippines AirAsia 13 24 S2 JetLite India (Jet Airways Airlines) 13 25 PN West Air China (Hainan Airlines) 13 26 HD Air Do Japan (independent) 13 27 TT Tigerair Australia Australia Tigerair 12 28 LQ Solaseed Japan (independent) 12 29 MM Peach Japan (All Nippon Airways) 11 30 BX Air Busan South Korea (Asiana Airlines) 11 31 7G Star Flyer Japan (independent) 11 32 VJ VietJet Air Vietnam VietJet* 10 33 OD Malindo Air Malaysia Lion 10 34 LJ Jin Air South Korea (Korean Air) 10 35 RI Tigerair Mandala Indonesia Tigerair 9 36 ZE Eastar Jet South Korea (independent)
    [Show full text]
  • June 13, 2015
    ANDAMAN Edition PHUKET’S LEADING NEWSPAPER... SINCE 1993 Now NATIONWIDE Takeoff delayed Civil Aviation revamp takes toll on industry INSIDE TODAY June 13 - 19, 2015 PhuketGazette.Net In partnership with The Nation Photo: Mathew Reyes 20 Baht ‘ACCORDING TO CCTV HE WAS ATTACKED BY THE MEN’ Officials warn of leaking cash through pipes LEAKY water pipes landed a Rassada resident with a more than 16,000-baht water bill to pay, prompting Phuket authorities to is- sue a home maintenance advisory Self defence to all island dwellers. The resident was stunned to re- ceive a 16,829-baht water bill for Patong Police the month of May after having be- come accustomed to paying a drop case against maximum of 200 baht. Full Story Page 5 Australian expat Eight netted for By Kongleaphy Keam running illegal POLICE have dropped the case against Austra- gambling site lian expat and Phuket community member Mark POLICE are searching for the head Pendlebury for the fatal stabbing of a nightclub of an online gambling operation af- employee across the street from the island’s famed ter eight Koreans were caught last party strip, Soi Bangla, in March. week running a gambling site out The decision was made by police after CCTV of an apartment in Phuket. footage surfaced backing claims that Mr The arrests follow a report in Pendlebury had acted in self defence when con- March from police in Bangkok fronted by 25-year-old Sanya Khlueawaengmon about the gambling racket. Phuket in the early hours of March 11. Police have been on the trail ever “The video footage, which we are unable to since, said Phuket Provincial Po- reveal to the public at the moment, shows Mr lice Commander Patchara Pendlebury being attacked by a group of men Boonyasit.
    [Show full text]
  • JOINT VENTURE AGREEMENT of THAI AIRASIA X CO., LTD., an ASSOCIATED COMPANY of AIRASIA X (“TAAX” Or “JV COMPANY”)
    SUBJECT: AIRASIA X BERHAD (“AIRASIA X” OR “THE COMPANY”) - JOINT VENTURE AGREEMENT OF THAI AIRASIA X CO., LTD., AN ASSOCIATED COMPANY OF AIRASIA X (“TAAX” or “JV COMPANY”) Contents: 1. INTRODUCTION The Board of Directors of AirAsia X (“the Board”) wishes to announce that the Company had on 18th September 2013 entered into a Joint Venture Agreement (“JVA” or “Transaction”) with Mr. Tassapon Bijleveld (“TB”) and Mr. Julpas Kruesopon (“JK”), the shareholders of TAAX (collectively referred to as “the Parties”) to govern the relationship between the Parties. 2. DETAILS OF THE TAAX TAAX was incorporated on 12 March 2013 as a shelf company with registered capital of THB15. On 19 June 2013, TAAX increased its issued and paid-up share capital to THB400 million with AirAsia X holding forty nine per centum (49%), TB holding forty one per centum (41%) and JK holding ten per centum (10%). TAAX submitted its application with the Department of Civil Aviation of Thailand (“Thai DCA”) for Air Operator’s License (“AOL”) on 20 June 2013. It is expected that the approval for the AOL will be granted by the end of September 2013. Following this, TAAX will proceed with its submission for the Air Operator’s Certificate (“AOC”). Bangkok has a larger tourism and travel market (relative to Kuala Lumpur) with no current long haul low-cost carrier operator based there. Thai AirAsia Co., Ltd (“TAA”) has established a market leadership position and operates robust, profitable and growing short haul networks, that will provide feeder traffic to TAAX thus consolidating AirAsia X’s dominance in the North Asian (China, Japan, Korea) and Australian markets, by offering greater connectivity options to its customers from hubs in Kuala Lumpur and Bangkok.
    [Show full text]