Monday, 29 June 2020

Another airline goes under in wake of Covd-19

The global Covid-19 pandemic has claimed another airline victim. 
Singapore-Thailand joint venture NokScoot is staying grounded for good it announced on Monday after the carrier's board of directors opted to liquidate the airline. 

The decision will be put to a general meeting of shareholders within the next two weeks, Travel Mole reported. 
NokScoot was a joint venture between Thailand's Nok Airlines and Singapore Airlines-owned budget carrier Scoot.

The closure won't affect either of these two airlines.

The joint venture was formed in 2014 and had consistently been operating at a loss, even before the pandemic. The Bangkok Post reported it had been laying off staff. 
"Unprecedented challenges arising from the Covid-19 pandemic have further exacerbated the situation," the company said. "Consequently, the board of directors does not see a path to recovery and sustainable growth for the airline." 
Based at Bangkok's Dom Mueang Airport, NokScoot operated flights across Asia including to China, Japan, Singapore and Taiwan.

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