Thai Airways reportedly plans to launch a low-cost carrier in partnership with Nok Air by mid-2013, according to The Nation. The airline will focus on the regional market. Thai Airways acting president Chokchai Panyayong said Nok Air hired a consultant to conduct a feasibility study for the proposed carrier, with findings to be finalised by the end of Jul-2012. The airline would be created as a JV between Thai Airways and Nok Air with a registered capital of THB200 million (USD6.35 million). Thai Airways would be the majority shareholder. The branding of the carrier will not include ‘Thai’ in order to provide it a more international image, according to Mr Chokchai. The airline will assist Thai Airways to strengthen its market position ahead of Asean open skies in 2015.
Thai Airways to launch LCC by mid-2013: report
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