June 26, 20206 yr From Bangkok Post Regional budget carrier says it can't recover from pandemic impact The regional budget airline NokScoot is shutting down, saying it cannot recover from the impact of the coronavirus outbreak. The carrier said its board of directors decided on Friday to liquidate the airline, with the decision to be announced in a general meeting of shareholders to be held in two weeks. The decision will leave 450 staff members unemployed, save for some who will work on the liquidation process. The company promised to pay them full benefits in accordance with Thai law. NokScoot operated medium- and long-haul Asian routes serving seven cities in China and three in Japan, as well as New Delhi, Singapore and Taipei, from its base at Don Mueang airport in Bangkok. Even before the coronavirus outbreak began, it was struggling in the market due to intense competitive from other low-cost carriers.
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