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…