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• Thai AirAsia launches 3 big projects

"Thai AirAsia" Moves! 3 big projects "Low Cost Terminal" - U-Tapao - Pilot and Crew Training Center "Thai AirAsia X" is launching a "connecting flight" network after the first quarter, earning more than 1 billion baht in profits. "We have a lot to offer."

Thai Airways International Public Company Limited (AAV) and Thai AirAsia Co., Ltd. (TAA) today announced that they are planning to invest in 3 large projects. The main projects include: 1. Maintenance, Repair and Overhaul:

MRO U-Tapao (which is in the EEC area). The government of Thailand has allocated about 60 rai of land, while the company has negotiated with three partners to invest in if it can be concluded with the government this month. The company is ready to move immediately. It is expected to take about 1 year or completed construction in Q3 or Q4 2062.

2. Invest in affordable lowcost terminals at U-Tapao International Airport. To meet the government's long-term desire to provide the airport with the capacity to accommodate up to 30 million passengers, the current capacity of about 3 million.

3. Invest in an office building and training center for pilots and crew of 19 rai (Don Muang area) worth 1,500 million baht. It takes about 1 and a half years or completed by the end of 2062 as well.

The "cost reduction"

"For the U Tapao Service Center Project We have many models, such as the alliance partners. Or we invest. If you have to invest. We estimate to be around 10-15% of the total investment of about Bt1.5bn, all of which will be owned by the project, "said Mr. Thanasapon.

And the heart of the investment is to make that agreement. AirAsia is the primary service user. With a fleet of around 200 aircraft, what AirAsia is clearly benefiting from is the cost of aircraft maintenance that will drop dramatically. Currently, the company loses maintenance costs, fuel costs, and pilots who need to carry their aircraft for maintenance. This will enable the company to manage its costs more efficiently.

"Thai AirAsia X" expands

Mr. Thanapol also said that the company also plans to strengthen the. "Thai AirAsia X", a 49% -owned airline, has more flights. To enable Thai AirAsia and Thai AirAsia routes to connect and use Fly Thru services in increasing proportion. From last year was about 4% or about 800,000 people.

"In the Thai AirAsia X this year we have two new aircraft added to a total of 6 aircraft, so we have plans in the next 5 years. It will add five new aircraft each year and increase the frequency of flights on the route is well received. Then take a look at the flight timetable for Thai AirAsia and Thai AirAsia X to connect with each other better. And to facilitate the popular travel with Low Cost Airlines. "

The goal is that within the next 5 years. Thai AirAsia and Thai AirAsia X have combined flights Fly Thru approximately 15% or approximately 2 million Fly Thru customers at 600 Baht each, which means that they can connect to the flight. More efficient And with Fly Thru 2 million people per year, the company will earn more revenue from this section of about 1,200 million baht.

"Peace" to CEO

Mr. Thanapol further said. And for the effective management and follow the plan. The Company has appointed Mr. Santi Sukbhong, Director of Commercial Division. Thai AirAsia Chief Executive Officer (CEO) has been effective since May 14. He is also the Executive Chairman. Regulatory Policy Overview Looking for new opportunities to expand your business? It will also drive government policies and cooperate with the private sector to make Thailand a leading player in the aviation industry.

The company's core policies and strategies will continue to drive sustainable growth. It is the leader in the domestic airline business. At present, the domestic market share is 30%. With more than 50%

Q1 profits more than 1 billion

Mr. Thasapol also mentioned the 1Q08 earnings results. AAV had total revenue of Bt11,642.8mn, a net profit of Bt1,004.1m, while TAA had a total revenue of Bt11,642.8m. The company recorded a net profit of 1,834.6bn The number of passenger passengers was 91 per cent, increased by 2 per cent. The number of passengers was 5.64 million, an increase of 16 per cent from the same period last year.

"Q1 is the period we plan to go. Reinforce the leadership and strengthen the domestic market. In line with the direction and policy of the state and tourism.

of Thailand Thai AirAsia also targets 23.2 million passengers, 87 per cent of passenger traffic and 7 aircraft throughout the year. The total fleet of 63 aircraft "Said Mr. Thanapol.