Thai Smile spin-off planned

THAI President Sorajak Kasemsuvan said that Thai Smile Airway will be set up, to take over the operations of Thai Smile which is now a business unit. He said that details have ben submitted to the Transport Ministry and these should be forwarded for the Cabinet's approval within May.

He added that as a wholly-owned subsidiary, Thai Smile Airway should show clearer balance sheets.

A source at the company said that the plan would entail an investment of Bt1.8 billion. In 2014, the airline, of which fares would be 15-20 per cent lower than THAI's, would operate flights to Chiang Rai, Khon Kaen, Samui, Columbo, and etc, where THAI are now operating. More flights are planned for other Asian routes.