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.

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More