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Thailand’s Nok Air eyes acquisitions, fleet growth

04.03.2021 – 02:45 UTC

Although it first has to finalise negotiations with its creditors, Nok Air (DD, Bangkok Don Mueang)
is evaluating options to become a stronger carrier in the post-COVID era among which include growth through acquisitions and a fleet revamp.

In an interview with the Bangkok Post, chief executive Wutthiphum Jurangkool said the low-cost carrier had already concluded negotiations with about half of its creditors ahead of a March 15, 2021, deadline to submit its restructuring plan to the Central Bankruptcy Court. The plan will have to be approved by creditors holding at least 50% of the airline’s liabilities before the court can greenlight it.

Some matters remain outstanding in the talks, Wutthiphum said, including Nok Air’s future leasing commitments.

As the talks continue, the airline has…