Nok Air to end Nok Mini cooperation with Siam General Aviation

Thailand's Nok Air eyes acquisitions, fleet growth

Although it first has to finalise negotiations with its creditors, Nok Air (DD, Bangkok Don Mueang) is evaluating options to become a stronger carrier in the post-COVID era among which include growth through acquisitions and a fleet revamp.

In an interview with the Bangkok Post, chief executive Wutthiphum Jurangkool said the low-cost carrier had already concluded negotiations with about half of its creditors ahead of a March 15, 2021, deadline to submit its restructuring plan to the Central Bankruptcy Court. The plan will have to be approved by creditors holding at least 50% of the airline's liabilities before the court can greenlight it.

Some matters remain outstanding in the talks, Wutthiphum said, including Nok Air's future leasing commitments.

As the talks continue, the airline has delayed the filing of its 2020 annual until the second quarter of 2021.

"The company recognises the significance of the financial statements whose material information shall be prudent and correct. However, some material information that impacts the company’s financial statements is currently unavailable as a result of preparation for the...

Thai Airways to sell its stake in Nok Air, training centre

Thai Airways considers Thai Smile's future

Thailand's Nok Air eyes more int'l flying post-COVID