CAAT ordered to monitor financial health of airlines
Transport Minister Saksayam Chidchob has instructed the Civil Aviation Authority of Thailand (CAAT) to check on the financial status of all airlines operating in Thailand to see if they are in financial trouble.
He added that the CAAT should conduct the inspection immediately. If it finds any airlines financially unhealthy, it should increase its frequency of such inspections and order them to improve their financial status.
He said that the move is aimed at proactively preventing financial troubles from causing problems to passengers.
CAAT director general Chula Sukmanop said that it has found several carriers should be closely monitored in relation to their financial status.
If they fail to improve their situations in compliance with relevant rules, they risk having their licences revoked, he added.
