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New board of Airports of Thailand to cover up loss during military government took control

April 1st, 2008

The Transport Ministry from the elected government has ordered the new board of Airports of Thailand (AOT) to outperform its predecessor in terms of financial returns. The ministry also reiterated the government’s policy to cancel the use of Don Mueang as Bangkok’s second airport and promote Suvarnabhumi as the capital’s single airport. It demanded the board put this policy into practice.

New Airports of Thailand board members met Transport Minister Santi Prompat and Deputy Minister Songsak Thongsri yesterday. After the meeting, Mr Songsak said Airports of Thailand under the previous board appointed by the coup leader after the Sept 19, 2006 coup earned only two billion baht yearly, down from over 10 billion baht a year before the coup. Its dividend also plunged from over two baht per share to just 40 satang.


Thai Airways, Nok Air and Orient Thai set to shift domestic flights back to Suvarnabhumi Airport

March 26th, 2008

Three airlines currently operating domestic flights out of Don Mueang airport are ready to shift back to Suvarnabhumi International Airport.

National flag carrier Thai Airways, low-cost carriers Nok Air and Orient Thai have been operating domestic flights from Don Mueang, claiming inadequate facilities at Suvarnabhumi. Now that the expansion of Suvarnabhumi airport is near complete, airline executives said they are ready to pack up their operations at Don Mueang.

THAI Airways president Apinan Sumanaseni said THAI supported the single airport policy since it benefited passengers the most. The shift of domestic operations back to Suvarnabhumi can be completed without fuss, he said.


JBIC interested in giving 5.6 Billion Baht loan for Suvarnabhumi Airport extension

March 12th, 2008

The Japan Bank for International Cooperation (JBIC) affirmed on Friday it was ready to grant a Bt700 billion loan to finance Thailand’s mega projects.

Speaking after talking to a senior JBIC official, Transport Minister Santi Prompat said the Japanese agency would grant a loan for nine electric train extention routes.

Other countries have also shown interested in extending loans for the Thai government’s mega projects, he said, adding that the Ministry of Finance would accept loans from the source giving the best offer.

JBIC is also interested in giving Bt5.6 billion in loans to the Thai government for the second-phase of construction at Suvarnabhumi international airport.


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