Thai to sell its Nok Air stake and delays A350 entry into service

Thai Airways International will sell its shareholdings in several independent firms as it proceeds to the next phase of its restructuring program, airline president Charamporn Jotikasthira said.

Photo by Jeremy Le Roch on Flickr.

Announcing a Q1 profit of THB6 billion (US$168.5 million), the pretender said the shareholding to be sold include a 37% stake in Nok Air as well as a 23% stake in Bangkok Aviation Fuel Services.

Meanwhile Thai has delayed the planned entry-into-service for the A350 by one month.

The carrier’s first A350-900 commercial service was to be made on the July 1 rotation between Bangkok and Melbourne, but the date has now been pushed back to August 1.

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