07-Jul-2008 11:25 AM
Nok Air fights on, V Australia's V brave trans-Pac expansion
Analysis
Nok Air's ebullient CEO, Patee Sarasin, has said if oil reaches USD170 a barrel, "I am better off selling noodles". The Thai budget carrier has won a reprieve from shareholders to keep operating, but as a shadow of its former self. Half of the airline's fleet will go and it will finally work with 39% owner, Thai Airways, to stop competing against the flag carrier and undermining its prices.
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