Eight domestic airlines rated as being in critical financial health have been boosted by the Civil Aviation Authority of Thailand (CAAT), which says they aren’t going bankrupt and it still has faith they can stay in business.
The alarming assessment of their plight merely reflected a time last year when every airline in the world was severely affected by the Covid-19 pandemic, CAAT director-general Suttipong Kongpool said on Wednesday.
Without the devastating impact of the pandemic, these airlines would have not been classified as being in such dire financial straits, he said.
The eight airlines are Thai Airways International Plc (THAI), Thai Smile Airways, Nok Air, AirAsia X, VietJet Air, Thai Lion Air, Asia Atlantic Airlines and City Airways, which are all registered in Thailand.
The airlines have met the CAAT and it has agree to consider their request to relax…
