Thailand’s Nok Air challenges AirAsia with Myanmar flights

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Nok air 1Thailand-based Nok Air has said it wants to set up a route network to second-tier cities in Myanmar from provincial airports in Thailand in an aim to counter AirAsia’s fast advance into the newly open country.

Starting from September 2013, Nol Air will fly from the northeastern Thai town of Mae Sot to Mawlamyine, Myanmar’s fourth largest city located in the south. The route will later be expanded to Yangon, Nok Air said. The airline will deploy a Saab turboprop first on a charter basis until it gets full permission from the Myanmar aviation authorities to run scheduled services.

Nok Air also said it will launch a Bangkok-Yangon service from Bangkok’s Don Muang Airport in November 2013. It is further studying the possibility of linking Chiang Mai to Bagan and Mandalay.

Nok Air will debut on the Stock Exchange of Thailand on June 20. The price has been set at 26 baht per share for 187.5 million shares.

Another initial public offering will from the airline sector be Bangkok Airways which aims to raise to raise an estimated $320 million through the sale of up to 30 per cent of its shares.

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Reading Time: 1 minute

Thailand-based Nok Air has said it wants to set up a route network to second-tier cities in Myanmar from provincial airports in Thailand in an aim to counter AirAsia’s fast advance into the newly open country.

Reading Time: 1 minute

Nok air 1Thailand-based Nok Air has said it wants to set up a route network to second-tier cities in Myanmar from provincial airports in Thailand in an aim to counter AirAsia’s fast advance into the newly open country.

Starting from September 2013, Nol Air will fly from the northeastern Thai town of Mae Sot to Mawlamyine, Myanmar’s fourth largest city located in the south. The route will later be expanded to Yangon, Nok Air said. The airline will deploy a Saab turboprop first on a charter basis until it gets full permission from the Myanmar aviation authorities to run scheduled services.

Nok Air also said it will launch a Bangkok-Yangon service from Bangkok’s Don Muang Airport in November 2013. It is further studying the possibility of linking Chiang Mai to Bagan and Mandalay.

Nok Air will debut on the Stock Exchange of Thailand on June 20. The price has been set at 26 baht per share for 187.5 million shares.

Another initial public offering will from the airline sector be Bangkok Airways which aims to raise to raise an estimated $320 million through the sale of up to 30 per cent of its shares.

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