Return to our Home page Search
Click here for the hotel and hospitality news from around the globe Hotel, Travel and Hospitality Articles Videos and in-depth Interviews
CONCIERGE DESK
Read more now
Read more now
Read more now
New Asia based budget airline launched.
Saturday, 21st December 2013
Source : Scoot
 

Nok Air and Scoot have signed a MoU to establish a new low-cost airline to be based in Bangkok.

The new airline will be named NokScoot and will be based at Don Mueang International Airport. It will operate widebody aircraft on medium and long-haul international routes.

Thailand's Nok will have a stake of up to 51 per cent and Singapore's no-frills airline Scoot will have 49 per cent. The initial investment will be THB2 billion (S$78 million). The new airline set up is still subject to regulatory approvals.

"We are excited at the prospect of expanding Nok's presence overseas, and to be doing so with the assistance of Scoot. It has always been Nok's goal to offer Thais more choice and more value, of which this venture is yet another example. We're also excited at the opportunity to encourage more inbound tourists, to boost the Thai economy," said Nok Air CEO, Patee Sarasin.

4Hoteliers Image LibraryScoot CEO, Campbell Wilson: "Thailand is Asia's premier tourist destination and logical hub for Scoot to expand to. We at Scoot are very pleased to be working with Nok, an established and respected Thai low-cost airline, on the establishment of NokScoot. In supporting Nok with Scoot's experience in medium-haul widebody operations, we look forward to developing a new market segment and offering Thai consumers and travellers to Thailand more travel options."

~ Important Notice ~
Articles appearing here contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.

Learn more about DigiJames - in room technology
Advertisment  
 Related News  (Click title to read article)
A changing low-cost landscape.
Travel & Tourism contribution to the world economy down.
Singapore's Changi Airport breaks ground for T4.
Accor lays out new strategy: Enhance growth and sustained value creation.
 Latest News  (Click title to read article)
The TravelClick Perspective - March 2014: 2014 Outlook
Thursday, 17th April 2014

Shangri-La opens in the Heart of the Himalayas today
Thursday, 17th April 2014

Qatar to invest 485 million Swiss francs in new hotel landmark
Thursday, 17th April 2014

IHG signs the first internationally branded hotel in Stavropol, Russia
Thursday, 17th April 2014

MGM Resorts and Hakkasan Group create JV to pursue global growth in hospitality
Wednesday, 16th April 2014

© Copyright 4Hoteliers 2001-2014 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here

Use of this web site is subject to our
terms & conditions of service and privacy policy