Full article in JPG format: page 38/39 & page 40
When the International Civil Aviation Organisation (ICAO) red flagged Thailand for “significant safety concerns” in 2015, no airline suffered more than NokScoot, the low-cost long-haul carrier jointly owned by Thailand’s Nok Air and Singapore’s Scoot.
The start-up had just initiated charter flights to Japan and South Korea – its two main target markets – and was weeks away from maturing the links into regular scheduled services. Before it could do so, however, ICAO issued the red-flag warning and both countries stopped granting new route approvals for Thai operators.
Chief executive Piya Yodmani admits that the disruption was a “big headache” for the airline, allowing rival Thai AirAsia X to cement its one-year head-start in the all-important Northeast Asian market. But he says the company is now back on track, reporting its first ever quarterly profit in May and rekindling plans for Japanese and South Korean flights as soon as ICAO gives the green light to the Civil Aviation Authority of Thailand (CAAT)...