Airports of Thailand (AoT) plans to generate income from five smaller airports by focusing on real-estate development (The Nation, 29-Sep-2010). Space in the airports will also be developed to accommodate more tenants and provide more convenience for passengers. The international airports include Chiang Rai, Chiang Mai, Hat Yai, Phuket and Don Mueang. AoT's senior executive vice president Nitinai Sirismatthakarn plans to engage an appraisal company to assess AoT's property at each airport. The results will allow AoT to raise its rental rates.
Airports of Thailand to focus on real-estate development at five airports
You may also be interested in the following articles...
Thai VietJet Air Part 1: Becomes fourth LCC in Thailand’s intensely competitive domestic market
Thai VietJet Air, cross border JV of Vietnam-based VietJet, launched scheduled services on 15-Sep-2016, becoming the fourth LCC in Thailand’s already intensely competitive domestic market. Over the past three years VietJet has faced multiple delays in launching its joint venture in neighbouring Thailand, and will now confront huge challenges in establishing a significant presence on trunk routes.
VietJet will be competing in Thailand against three much more established LCC groups in AirAsia, Lion and Nok. In comparison VietJet has faced relatively limited competition in Vietnam, where it is only one of two LCCs since commencing operations at the end of 2011.
VietJet needs to diversify beyond the Vietnamese market to support its order book, which now includes approximately 200 aircraft, and its growth aspirations. However, Thai VietJet represents a risky project just as the group moves forward with its IPO plans.
Turbulence will hurt Southeast Asia’s airlines in 2017 as overcapacity bites
Southeast Asia is a region with enormous growth potential but a relatively cloudy outlook for airlines given the intense competition and overcapacity concerns. Demand is on the rise, boosted by a growing middle class, rising discretionary incomes and relatively strong economies.