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Thai LCCs - Grounded One-Two-Go to lay off 50% of workforce


One-Two-Go Chairman, Udom Tantiprasongchai, stated the grounded airline would lay off 400-500 employees, or 50% of its workforce. The airline’s operating license was suspended for 30 days on 22-Jul-08, due to safety concerns, with the airline undertaking a financial restructure during the period. [1313 words]

Unlock the following content in this report:


  • Nok Air no longer a budget airline
  • Thai AirAsia expected to report loss in 2008 after USD13.1 million loss in 2Q08
  • No plans to reduce frequencies or suspend routes

Graphs and data:

  • Thai AirAsia financial highlights for three months ended 30-Jun-08
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