In a posting on its website yesterday, the Centre for Asia-Pacific Aviation (CAPA) reported that THA

Thai Airways International's decision to scrap its planned red sox world series tickets jpegs ultra-low-cost carrier and let its 49-per-cent-owned Nok Air launch international services next year will only lead to greater prosperity for Thai AirAsia, analysts said.
In a posting on its website yesterday, the Centre for Asia-Pacific Aviation red sox world series tickets jpegs (CAPA) reported that THAI had decided to scrap the plan after a feasibility study on expanding into the international market and potential routes.
red sox world series tickets jpegs Nok Air chief executive officer Patee Sarasin was quoted as saying that while Nok had decided to proceed with the Nok Air-branded project, THAI's board resolved very recently not to proceed with the ultra-low-cost carrier.
"The key winner from this development should be Thai AirAsia, as it can continue to enjoy the current benign competitive environment in Thailand," the brokerage said in a research note on the Thai aviation outlook. "In the final analysis, we think THAI will eventually set up a new LCC to compete against TAA but the longer it takes, the more time it will give to TAA to strengthen its network and scale."
Thai AirAsia posted a strong second-quarter load factor of 79 per cent, up by 1 percentage point from the same period last year. It carried 20 per cent more passengers, or 1.9 million, than the year before, thanks to 19-per-cent-greater capacity with the new Chiang Mai-Macau route and additional frequencies on the new Bangkok-Trang route.
Asia Plus Securities expects THAI to post a net loss of Bt1 billion in the second quarter. But for the foreign-exchange gain from fuel hedging as well as a cut in flights to meet lower demand during the off season, the net loss could have widened to more than Bt2 billion.
THAI had wanted to launch an ultra-low-cost carrier for the regional market, potentially in partnership with Nok, but the group's board recently decided against proceeding with this idea and establishing a fourth brand. It will now stick with its three existing brands - THAI, Thai Smile and Nok Air.
The new Nok international operation will get off the ground early next year and fill a critical void in the current THAI portfolio, which lacks a product for the fast-growing budget end of Thailand's international market.
THAI originally unveiled plans in 2010 to launch a JV ultra-low-cost carrier red sox world series tickets jpegs for the regional market with Singapore-based red sox world series tickets jpegs Tiger Airways. But plans to launch Thai Tiger were dropped in 2011 after repeated delays in securing approvals to establish the new company.