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Wednesday, April 17, 2024

Thai AirAsia X looking for new investors

Thai AirAsia X looking for new investors

Additional funding secured for TAA

Thai AirAsia X’s A330-300 jet taking off from Don Mueang airport.

Thai AirAsia X needs a major restructuring and new investors to prep the airline to resume international routes next year, after Thai AirAsia (TAA) already secured additional funding for the carrier last week.

Thai AirAsia X, a long-haul, low-cost carrier under the AirAsia group, has been grounded for almost two years since the pandemic emerged in 2020. The 11-aircraft fleet was reduced to seven earlier this year, said Tassapon Bijleveld, executive chairman of SET-listed Asia Aviation (AAV), the majority shareholder in TAA.

Mr Tassapon, also a shareholder in Thai AirAsia X, said the airline had to switch its…

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