Thailand: 12 carriers fret over losses due to licensing hold-up
The 12 remaining Thai-registered carriers that were unable to get their licences re-certified by Thursday's deadline could face significant financial losses, analysts said. They are expected to feel the pinch as the Civil Aviation Authority of Thailand (CAAT) started banning their international air services from today. The effects are likely to vary depending on a range of factors including how long the CAAT takes to get the air operator certificates (AOCs) re-issued and how strong each airline's financial status is to weather the grounding time, analysts said. Other factors include their reliance on international flight business and whether they can get their business on track when the licences are settled, they added. K-Mile Thailand, the air cargo operator that is 45%-owned by Dublin-based ASL Aviation Group and which operates out of Suvarnabhumi airport, will have to completely suspend its international air-freight-lifting business, its sole operation. Thai-registered airlines that rely mostly on international flights, mostly on a charter basis, are due to suffer the most if their licensing paperwork falls short. Story has more details about who is affected.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-09-01/general/thailand-12-carriers-fret-over-losses-due-to-licensing-hold-up
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Thailand: 12 carriers fret over losses due to licensing hold-up
The 12 remaining Thai-registered carriers that were unable to get their licences re-certified by Thursday's deadline could face significant financial losses, analysts said. They are expected to feel the pinch as the Civil Aviation Authority of Thailand (CAAT) started banning their international air services from today. The effects are likely to vary depending on a range of factors including how long the CAAT takes to get the air operator certificates (AOCs) re-issued and how strong each airline's financial status is to weather the grounding time, analysts said. Other factors include their reliance on international flight business and whether they can get their business on track when the licences are settled, they added. K-Mile Thailand, the air cargo operator that is 45%-owned by Dublin-based ASL Aviation Group and which operates out of Suvarnabhumi airport, will have to completely suspend its international air-freight-lifting business, its sole operation. Thai-registered airlines that rely mostly on international flights, mostly on a charter basis, are due to suffer the most if their licensing paperwork falls short. Story has more details about who is affected.<br/>
