Thai To Transfer All Domestic Routes To New Airline

[Soju]

From the Bangkok Post...

Along with making efforts to reduce operating costs and improve profitability, Capt Apinan said THAI would proceed with the previously proposed establishment of a new wholly owned airline subsidiary, tentatively known as Royal Orchid Airlines, or Euarng Luang in Thai.

The new airline would take over THAI's domestic operation, which has been suffering losses, using a more cost-effective and less complicated operating model.

The new carrier will be positioned between the conventional premium airline and the low-cost carrier.

With the creation of the new airline, THAI would become a fully-fledged international carrier.

THAI expects an 11% rise in 2007 net profit to reach

See here for the full article.

[george]

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