14-Jul-2008 8:00 AM

Nok Air continues to fight on; but unlikely to survive if crude oil exceeds USD160/barrel

Premium Analysis

Nok Air's ebullient CEO, Patee Sarasin, stated if oil reaches USD170 a barrel, "I am better off selling noodles". Similarly, Nok Air's Board members and shareholders stated the airline would be better off being grounded if crude oil prices soar above the USD160/barrel mark.

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