AoT quashes THAI takeover rumour
Airports of Thailand has denied claims that it is interested in acquiring a stake in financially-struggling THAI, saying that the company itself is struggling with a sharp drop in revenue with the Covid-19 pandemic having brought the global travel industry to a halt. Passenger numbers across 6 AoT-run airports are expected to decrease by more than 50m this year, "and we believe our revenue will drop by 30-40%", AoT president Nitinai Sirismatthakarn said Monday. Since CAAT banned all international flights from landing in Thailand at the start of this month, the number of foreign travellers has dwindled to 300-400 a day, Nitinai added. "In light of this tough situation, the company has no plans to invest in THAI," he said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-04-14/star/aot-quashes-thai-takeover-rumour
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AoT quashes THAI takeover rumour
Airports of Thailand has denied claims that it is interested in acquiring a stake in financially-struggling THAI, saying that the company itself is struggling with a sharp drop in revenue with the Covid-19 pandemic having brought the global travel industry to a halt. Passenger numbers across 6 AoT-run airports are expected to decrease by more than 50m this year, "and we believe our revenue will drop by 30-40%", AoT president Nitinai Sirismatthakarn said Monday. Since CAAT banned all international flights from landing in Thailand at the start of this month, the number of foreign travellers has dwindled to 300-400 a day, Nitinai added. "In light of this tough situation, the company has no plans to invest in THAI," he said. <br/>
