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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