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Nok Air seeking to raise fresh funds by end of 2008; possible new partners

13-Oct-2008

Nok Air stated it aims to raise fresh funds by the end of 2008 to help it survive current market turmoil. While the carrier stated its current cash flow is “fine” and it currently has no debt, it is seeking to raise new capital to settle all obligations and improve cash flow. [659 words]

Unlock the following content in this report:

Subheadings:

  • Reduces costs by approximately 40% through survival programme
  • To miss 2008 passenger traffic and revenue projections

Graphs and data:

  • Nok Air ownership structure
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