Jump to content

News Forum - Thai AirAsia X becomes third airline in Thailand to file for bankruptcy


Recommended Posts

Thai AirAsia X, the international low-cost carrier under the AirAsia umbrella, has had its bankruptcy claim accepted by a Thai court. This makes it the third airline in Thailand, along with Nok Air and Thai Airways, to file for bankruptcy since the start of the Covid-19 pandemic. TAAX director, Tassapon Bijleveld, says all existing bookings will be honoured, including flights to South Korea and Japan, scheduled to start next month. Thai Air Asia X is a budget international carrier for flights in and out of Thailand and not directly financially linked to the domestic Thai Air Asia. “It was hard […]

The story Thai AirAsia X becomes third airline in Thailand to file for bankruptcy as seen on Thaiger News.

Read the full story

Link to comment
Share on other sites

Another one beats the dust. Others are thriving since opening up but sadly for Thailand.

Link to comment
Share on other sites

Further evidence that long-haul low-cost carriers don't work very well, especially in this period (see Norwegian, which survives only by axing the intercontinental legs). Scoot and Cebu Pacific might be the next candidates.

Link to comment
Share on other sites

Well they are just formalities trying to weather the Wuhan flu and iron fist of supression. Maybe this is their plot plan so Thai airways comes back into the arena dog paddling trying to make a howling come back. Not the first time Air Asia has been financially almost crippled. 

Link to comment
Share on other sites

“We hope the rehabilitation process will be finished within 8-12 months and have a minimal impact during the transition period. During this time, all flight expansion remains the same as announced.”

Nothing has really changed. They declare bankruptcy to keep the creditors from the door which gives them time to rehab the airline using current cash credit etc.

  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Join Thaiger Talk Today!

    Sign up in 30 seconds and join the discussion on everything Thailand!

  • Latest Posts

    1. 4

      News Forum - 77 year old Australian separated from 20 others during hike on Koh Larn

    2. 14

      News Forum - Thai student caught smoking cannabis, threatened to punch teacher

    3. 9

      News Forum - Student’s body ripped in half in freak motorbike accident in central Thailand

    4. 177

      Ukraine/Russian Conflict - General Discussion

  • New Topics

  • Popular Now

  • Tell a friend

    Love Thaiger Talk? Tell a friend!
  • Create New...

Important Information

By posting on Thaiger Talk you agree to the Terms of Use