Nok Air eyes B4.88b for recovery effort
Nok Air is raising 4.88b baht in funding under a rehabilitation process to prepare for recovery while eyeing the opportunity to operate a new hub at Suvarnabhumi airport. "The airline plans to add six more Boeing 737-800 aircraft to the current fleet of 17 planes this year and next. However, this will depend on demand, particularly from China and neighbouring countries," said Nok Air CE Wutthiphum Jurangkool. Nok Air received approval from the Central Bankruptcy Court on Nov 29, 2021 to continue with its rehabilitation plan, which the airline outlined to help it post a profit by 2024 as part of a recovery. Under the five-year rehabilitation plan, the airline will start raising funds from shareholders worth 280m baht, followed by a 600m baht increase in capital next year to support cash flow, said Tai Chong Yih, deputy CE at Nok Air.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2022-07-15/unaligned/nok-air-eyes-b4-88b-for-recovery-effort
https://portal.staralliance.com/cms/logo.png
Nok Air eyes B4.88b for recovery effort
Nok Air is raising 4.88b baht in funding under a rehabilitation process to prepare for recovery while eyeing the opportunity to operate a new hub at Suvarnabhumi airport. "The airline plans to add six more Boeing 737-800 aircraft to the current fleet of 17 planes this year and next. However, this will depend on demand, particularly from China and neighbouring countries," said Nok Air CE Wutthiphum Jurangkool. Nok Air received approval from the Central Bankruptcy Court on Nov 29, 2021 to continue with its rehabilitation plan, which the airline outlined to help it post a profit by 2024 as part of a recovery. Under the five-year rehabilitation plan, the airline will start raising funds from shareholders worth 280m baht, followed by a 600m baht increase in capital next year to support cash flow, said Tai Chong Yih, deputy CE at Nok Air.<br/>
