Latest Book Releases from C9 Hotelworks' Bill Barnett
C9 Hotelworks Founder and Managing Director Bill Barnett is a noted columnist, author and leading authority on travel trend, hotels and property.View all the books from C9
Mounting losses at legacy carrier Thai Airways International have forced it to put plans for a budget airline on the shelf.
An immediate priority is to shore up its existing poor financial results after a poor mid-year result and substantial shortfall in 2011.
Coming into focus will be the recently launched regional carrier Thai Smile which remains a question mark in terms of marketing position.
Thai's ownership stake in budget carrier Nok Air where is maintains a minority position looks set to be re-evaluated.
For now Asia's legacy national airlines are continuing to come under the gun by the fast developing low-cost sector.