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7-Dec-2009 11:32 AM

PB Air closes operations

PB Air closed down operations after accumulating losses of approximately USD60.3 million and failing to attract foreign investors with its revised business plan (Bangkok Post, 04-Dec-2009). The carrier had suspended services in Nov-2009 after returning its remaining two ATR 72-500s to Bangkok Airways after their leases expired in Oct-2009. PB Air had planned to take delivery of two Saab 340s from AeroCentury at the end of Dec-2009. Nok Air has now been requested to launch services previously operated by PB Air from Bangkok Don Mueang to Sakhon Nakhon, Nakhon Phanom and Buri Ram.

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