Bangkok Airways to invest in new routes - president

Bangkok Airways to invest in new routes - president

Anawat Leelawatwatana, senior vice-president for finance and accounting at Bangkok Airways, and ATR's Chief Executive Officer Christian Scherer, sign a deal for 4 ATR 72-600s at a ceremony at the Singapore Airshow Feb 7, 2018. (Reuters photo)
Anawat Leelawatwatana, senior vice-president for finance and accounting at Bangkok Airways, and ATR's Chief Executive Officer Christian Scherer, sign a deal for 4 ATR 72-600s at a ceremony at the Singapore Airshow Feb 7, 2018. (Reuters photo)

Bangkok Airways Plc plans to invest in new routes, aircraft and airport improvements on the back of rising tourist arrivals to Thailand, a top executive said on Monday.

The carrier plans more charter flights to China, more frequent flights on popular routes and two new routes from Chiang Mai to Hanoi and the island of Phuket to Yangon this year, President Puttipong Prasarttong-Osoth said.

Thailand's second-biggest airline by market capitalisation would focus on "expanding our network to cover the most important destinations throughout Asia in order to facilitate our passengers and our codeshare partners," he told a press conference.

Mr Puttipong said the airline expected to receive two Airbus A319 aircraft this year, with plans to replace six ATR72-500s with new ATR72-600s to maintain a fleet size of 38 aircraft.

It planned to invest 1 billion baht to build an aircraft repair centre at Sukhothai airport, and the same amount to upgrade its airport at the resort island of Samui.

The airline owns and operates the airports at Samui, Sukhothai and Trat, the hub for the resort island of Koh Chang.

Bangkok Airways' expansion plans come as Thailand expects a rise of 6% in tourist numbers this year, after a jump of 9% to 35 million in 2017.

Revenue was expected grow 10% this year with passenger numbers rising 7%, Mr Puttipong said.

On Friday it reported a 55% drop in net profit for its 2017 fiscal year to 788 million baht, despite a 1.74 billion baht gain from the sale of stakes in a hospital operator also owned by the Prasarttong-Osoth family. 


Do you like the content of this article?
COMMENT (1)

Surge in US hiring surprises markets

WASHINGTON: US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in more than five decades, government data showed on Friday, despite efforts to cool economic activity.

21:15

More support

Network of health workers calls for unconditional release of all detained political prisoners as they express worry over condition of three hunger-striking activists.

20:57

Digital ID now accepted to board domestic flights

Passengers are now allowed to use digital IDs to verify their identity when boarding domestic flights, a government spokesperson said on Friday.

20:01