AAV affirms no impact from ICAO's latest move
Asia Aviation (AAV), the listed majority shareholder of Thai AirAsia, vows to maintain its aircraft acquisition and route expansion plans despite the International Civil Aviation Organisation (ICAO)'s latest decision on Thailand's safety standards.
At a press conference, Tassapon Bijleveld, CEO of Thai AirAsia and Asia Aviation, said: “We will definitely be introducing new routes. In response to ICAO’s action in red-flagging Thailand, we affirm that Thai AirAsia will not be affected in any way and that we are ready to continue serving flights as usual."
The press conference followed a dissatisfactory development at Thai AirAsia X. The airline yesterday announced that its Bangkok-Sapporo route would be suspended from August 1 onwards, as Japan's rule relaxation will expire.
AAV share price dropped by 0.92 per cent in the morning, to Bt4.30. AAV has no stake in ThaiAirAsia X, though the latter supports it on long-haul routes.
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