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mercure1
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Nok Air News and Discussion Thread

Thu Jul 30, 2020 9:02 pm

Thai low-cost carrier Nok Airlines filed for bankruptcy protection.

Per its filing, the airline says it seeks debt restructuring which stood at 26 billion baht (US $828 million) along with adjusting its fleet, route network, commercial strategies to maintain sustainable operations

https://www.reuters.com/article/nok-air ... SL3N2F14JM
Last edited by SQ22 on Wed Apr 14, 2021 4:14 pm, edited 1 time in total.
Reason: Title updated
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TheWorm123
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Re: Nok Air files bankruptcy

Thu Jul 30, 2020 10:00 pm

I like their livery with the beak, doesn’t beat the PSA smile though.

What happens with the MAX 8 order now?
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Boeing757100
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Re: Nok Air files bankruptcy

Thu Jul 30, 2020 10:54 pm

TheWorm123 wrote:
I like their livery with the beak, doesn’t beat the PSA smile though.

What happens with the MAX 8 order now?


Same, their livery was truly something. As for the MAX 8 order, I don't know. Maybe they don't see the plane fit in their restructuring and then they'd more certainly defer or cancel the orders.
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Frontier14
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Re: Nok Air files bankruptcy

Fri Jul 31, 2020 3:18 pm

I hope they will come back re-organized. I too liked the "beak".

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LAXintl
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Re: Nok Air files bankruptcy

Mon Aug 03, 2020 5:39 pm

Nok issued additional shares to existing shareholders raising US$49.7 million.
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Antaras
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Re: Nok Air files bankruptcy

Tue Aug 04, 2020 3:00 am

While AirAsia is having big trouble, Nok files bankruptcy, the biggest guy Thai Airways is also drowning to death, so in the next few years Thai market would become the main playground of Thai Lion and ... Thai VietJet???????????????
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filipinoavgeek
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Re: Nok Air files bankruptcy

Tue Aug 04, 2020 11:07 am

Antaras wrote:
While AirAsia is having big trouble, Nok files bankruptcy, the biggest guy Thai Airways is also drowning to death, so in the next few years Thai market would become the main playground of Thai Lion and ... Thai VietJet???????????????


What about Bangkok Airways? And how is Thai Lion doing? Weren't they struggling too?
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davidjohnson6
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Re: Nok Air files bankruptcy

Tue Aug 04, 2020 11:16 am

I really can't see the Thai Govt letting THAI ceasing to exist completely - whatever they might say. Maybe the current company gets closed down and the assets transferred to a new airline. Maybe some sort of bailout. But Thailand ceasing to have its own network airline... most unlikely
 
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LAXintl
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Re: Nok Air files bankruptcy

Tue Sep 15, 2020 7:56 pm

Nok Air said in a regulatory filing to the Stock Exchange its business reorganization plan would include:
o Improving fleet efficiency by adding more night-time operations
o Increasing cooperation with partners
o Boosting ancillary revenue
o Review marketing plan
o Organisational restructure
o Refinancing of its debt portfolio.

https://www.flightglobal.com/airlines/t ... 69.article
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LAXintl
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Re: Nok Air files bankruptcy

Wed Oct 28, 2020 6:46 pm

Nok Airlines had its rehabilitation petition approved by the Central Bankruptcy Court.
Further hearing next week when details likely emerge.
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spinkid
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Re: Nok Air files bankruptcy

Thu Oct 29, 2020 3:46 am

This makes me so sad to hear. They were my first LCC that I flew in SE Asia from BKK-Udon Thani. That was a very popular route for people traveling on to VTE in Laos, as it could often be cheaper than VTE-BKK but they had more competition lately even before Covid. The LCC market is pretty overcrowded in that part of the world.
 
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mercure1
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Re: Nok Air files bankruptcy

Fri Dec 04, 2020 6:58 pm

Nok Air Deputy CEO Raj Tanta-Nanta resigned with immediate effect (01 December)
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mercure1
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Re: Nok Air files bankruptcy

Tue Mar 16, 2021 8:47 pm

Nok Air given more time until April 15 to submit its business rehabilitation plan.

http://www.orientaviation.com/articles/ ... ue-package
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LAXintl
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Re: Nok Air files bankruptcy

Tue Apr 13, 2021 2:52 pm

Another extension granted on business plan submission to the court

https://www.flightglobal.com/airlines/n ... 65.article
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