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Thai AirAsia considers merger to overcome Covid-19 impact

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BANGKOK: Thai AirAsia Co Ltd (TAA) is considering to merge with another low-cost carrier to clamp down on pricing wars as the Covid-19 (coronavirus) pandemic has severely impacted the aviation sector.

that if tourism activities did not resume in the country by July, the company would begin laying off its employees, downsizing the company and its fleet to keep the business alive.

"A merger is possible if aviation in Thailand resumes with the same old fiery price wars, as now we have more limited revenue sources," he said. Tassapon is also the executive chairman of Stock Exchange of Thailand-listed Asia Aviation Plc . He owns a 40.52 per cent stake in AAV, which is the owner of TAA.In Tassapon’s view, three operators are sufficient for the competition in the market.

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To clamp down on pricing wars, Thai AirAsia considers merger with low-cost carrier | Malay MailBANGKOK, May 28 — Thai AirAsia Co Ltd (TAA) is considering to merge with another low-cost carrier to clamp down on pricing wars as the Covid-19 pandemic has severely impacted the aviation sector. TAA executive chairman Tassapon Bijleveld told Bangkok Post that if tourism activities did not resume...
Source: malaymail - 🏆 1. / 86 Read more »