Latest news with #NokAir
Bangkok Post
23-07-2025
- Business
- Bangkok Post
Nok Air rehabilitation proceeding as planned
Nok Air expects to exit the rehabilitation process as planned by mid-2028, with less than 400 million baht of debt remaining, and will join the government in offering free domestic air tickets to foreign tourists from September. Chief executive Wutthiphum Jurangkool said on Wednesday the airline is focusing on strengthening its core business and improving revenue and margins so it can exit the rehabilitation plan. He said the carrier's outstanding debt remains around 400 million baht, down from 5.4 billion baht previously. Nok Air recorded revenue of 7 billion baht, with 60 million baht net profit, in 2024 from 4 million passengers. It was the second consecutive year of profit after nine years of losses. During this year's first half, it had earned 4 billion baht revenue, and aimed to match revenue and passenger numbers of last year. Factors driving this include the return of aircraft to the fleet after maintenance, and the ability to increase its aircraft utilisation rate at night and its fares on international flights. During the summer period, Nok Air had only maintained domestic flights to 15 cities. In the coming winter period, it would resume several international routes, including to Hyderabad and Mumbai in India, Nanning and Zhengzhou in China and Ho Chi Minh City in Vietnam, Mr Wutthiphum said. It also planned to launch new services to Delhi in India, Bali in Indonesia and Manila in the Philippines. Pakorn Rattanarod, head of commercial strategy at Nok Air, said the airline currently has 14 Boeing 737-800 aircraft in its fleet, with 10 aircraft actively serving passengers. It planned to receive two more aircraft under a six-month wet lease contract this year to help on the new international routes. Mr Pakorn said the airline plans to have 20–30 aircraft in its fleet within five years and should be able to receive the Boeing 737 Max 8 it already ordered after a five-year waiting period. The airline is set to join the Tourism Authority of Thailand's promotion allowing foreign tourists to use their international tickets to redeem domestic tickets with Nok Air and fly to any destination in Thailand for free. This resembles a scheme operated by the Japanese government. He expected the scheme to be proposed to the cabinet soon, and it is scheduled to be rolled out in September, covering three months through November, with each Thai carrier receiving 60,000 seats. To elevate the passenger experience, Nok Air has also launched a new in-flight entertainment service offering Korean drama series via Viu, and onboard shopping for local products, as well as the Nok Deal platform for frequent flyers. Within 3-4 years, Nok Air aims to have international passenger sharing for 40% of total seat capacity. It also plans to enter the freighter business with one aircraft targeting the e-commerce segment, beginning at the end of this year or early next year.
Bangkok Post
07-07-2025
- Bangkok Post
Chinese anti-scam team arrives in Myawaddy
TAK - A team from China's Criminal Investigation Bureau has arrived in Myanmar's Myawaddy border township to discuss help for Chinese victims of the scam centres that continue to operate there, a reliable source said on Monday. The 11 investigators first travelled to Thailand and then flew from Bangkok on a Nok Air flight to Mae Sot, in Tak province, on Sunday evening. They then crossed the border to Myawaddy. The source said the Chinese CIB officials, part of Beijing's Ministry of Public Security, planned talks with Myanmar officials on assistance for Chinese victims of scam centres in Myawaddy and would urge Myanmar authorities to take strong action against those still operating in border areas. The team's arrival followed a report that another Chinese model was lured to Thailand for a "photoshoot" early last month, and was instead whisked off to Myanmar. The deception repeated the fate of Chinese actor Wang Xing who went missing near the Thai-Myanmar border and was later rescued from Myanmar in January this year. Wang told officials that a compatriot had enticed him to come to Thailand, and he had been taken away for scam-centre training in Myanmar. In late January a Chinese assistant minister for public security arrived in Thailand to plan help for Chinese victims of scam centres in Myanmar. That led to concerted action against the scam gangs operating from buildings in Myanmar bordering Thailand. A lot of foreigners tricked and put to work by the gangsters were rescued and repatriated, including many Chinese. Thai support included cutting off power, fuel and internet services to these border regions in February.
Yahoo
28-06-2025
- Business
- Yahoo
StandardAero (SARO) Announced the Renewal of Its Partnership With Thailand's Nok Airlines Public Company Limited
StandardAero, Inc. (NYSE:SARO) is one of the 13 Best Aerospace and Defense Stocks to Invest in Now. On June 17, StandardAero, Inc. (NYSE:SARO) announced the renewal of its long-term maintenance, repair, and overhaul contract with Thailand's Nok Airlines Public Company Limited. Under the partnership, the company will continue supporting CFM International CFM56-7B turbofan engines, which power Nok Air's fleet of fourteen Boeing 737-800 aircraft. The renewed partnership builds on StandardAero, Inc.'s (NYSE:SARO) previous support for Nok Air's former fleet of Dash 8-400 turboprops, reflecting a longstanding relationship between the two companies. As part of the renewal, StandardAero, Inc. (NYSE:SARO) has already inducted two Nok Air CFM56-7B engines at its facility in Winnipeg. Dmitry Birin/ StandardAero, Inc. (NYSE:SARO) is a leading independent aerospace company specializing in maintenance, repair, and overhaul services for aircraft engines and other components across commercial, military, and business aviation sectors. While we acknowledge the potential of SARO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Business Wire
17-06-2025
- Business
- Business Wire
Thailand's Nok Airlines Public Company Limited Selects StandardAero For CFM56-7B Engine MRO Support, Renewing Long-Term Relationship
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero, a leading independent pure-play provider of aerospace engine aftermarket services, has recently renewed its longstanding relationship with Thai low-cost airline Nok Airlines Public Company Limited ('Nok Air') through the provision of CFM International CFM56-7B turbofan engine maintenance, repair & overhaul (MRO) workscopes in support of the airline's fleet of Boeing 737-800 narrowbody aircraft. StandardAero, a CFM International authorized CFM56-7B MRO provider, has already inducted two Nok Air CFM56-7B engines at its facility in Winnipeg, MB. Nok Air, which is famous for the bright yellow beaks on its aircraft, operates fourteen Boeing 737-800s, which are used for flights across Thailand, Southeast Asia, East Asia and South Asia. 'StandardAero is delighted to renew our partnership with Nok Air by providing the airline with reliable, cost-effective CFM56-7B support,' said Mario Romano, Airline Sales Director for StandardAero's Airlines & Fleet business unit. 'StandardAero previously provided Nok Air with Pratt & Whitney Canada PW150A engine services in support of its former fleet of Dash 8-400 turboprops for many years, and we are therefore very pleased to continue our association on the CFM56-7B platform. StandardAero's commitment to the highest levels of service quality should ensure that Nok Air is 'smiling across Asia' for many years to come!' StandardAero has provided the global CFM56-7B operator community with a comprehensive range of engine services from its Winnipeg location since 2010. In addition to its existing Winnipeg capabilities, StandardAero now also provides CFM56-7B MRO support from its DFW International Airport location in TX, USA, which is seeing strong demand from Boeing 737NG operators and asset owners. These newly introduced capabilities offer operators the confidence and convenience of a second CFM56-7B engine line, enabling StandardAero to accommodate the MRO requirements of its customers around the world while also providing the assurance of test cell capability redundancy. The company provides an extensive range of additional services for the CFM56 family, including component repair and overhaul capabilities through StandardAero's Component Repair Services (CRS) segment; engine, module and used serviceable material (USM) asset management support through PTS Aviation; and engine health monitoring (EHM) data analysis services. Nok Air is a premium budget carrier under the management of Nok Airlines Public Company Limited. Nok Air remains committed to being the best premium budget airline in Thailand and Southeast Asia, offering high-quality, convenient, and smile-filled services. With a fleet of 14 Boeing 737-800 aircraft, the airline boasts an extensive domestic network in Thailand and international coverage in India and China. CFM International, the 50/50 joint company between GE Aerospace and Safran Aircraft Engines founded in 1974, has redefined international cooperation and helped change the course of commercial aviation. Today, CFM is the world's leading supplier of commercial aircraft engines with a product line that sets the industry standard for efficiency, reliability, durability, and optimized cost of ownership for narrowbody aircraft. The company produces the LEAP and CFM56 families of engines, and supports LEAP and CFM56 fleets for more than 600 operators worldwide. StandardAero is a leading independent pure-play provider of aerospace engine aftermarket services for fixed- and rotary-wing aircraft, serving the commercial, military and business aviation end markets. StandardAero provides a comprehensive suite of critical, value-added aftermarket solutions, including engine maintenance, repair and overhaul, engine component repair, on-wing and field service support, asset management and engineering solutions. StandardAero is an NYSE listed company under the ticker symbol SARO. For more information about StandardAero, go to
