Nok Air

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Nok Air
นกแอร์
250px
IATA ICAO Callsign
DD NOK NOK AIR
Founded February 2004
Commenced operations July 2004
Hubs Don Mueang International Airport
Secondary hubs Chiang Mai International Airport[1]
Frequent-flyer program Nok Fan Club
Subsidiaries NokScoot (51%)
Fleet size 28
Destinations 27
Company slogan We Fly Smiles
ทุกเที่ยวบินมีรอยยิ้ม
Parent company Nok Airlines Public Company Limited
Traded as SET: NOK
Headquarters Rajanakarn Building 17th Floor, 3 South Sathon Road, Yannawa, Sathorn, Bangkok, Thailand
Key people Mr. Patee Sarasin (CEO)
Revenue Increase THB 12,312.93 million (2014)
Net income Decrease THB -471.66 million (2014)[2]
Total assets Increase THB 6,569.00 million (2014)
Total equity Decrease THB 3,771.12 million (2014)
Website www.nokair.com

Nok Air (SET: NOK, Thai: นกแอร์, derived from nok (นก), the Thai word for bird) is a major low-cost airline in Thailand operating domestic services out of Bangkok's Bangkok Don Mueang Airport.[3] Nok Air is the budget airline of Thai Airways International.

History

The airline was established in February 2004 under Sky Asia Co.,Ltd. and started operations on 23 July 2004. It had 130 employees in March 2007 and around 1,400 in 2014.[3] Nok Air began its first international service on 31 May 2007, with daily flights to Bangalore, India.

Nok Air serves the highest number of domestic routes within Thailand (24 routes).[4] This strategy has been successful. In 2013, Nok Air generated 1,066 million Thai baht in net profit on revenues of 11.3 billion Thai baht.

Since its inception, Nok Air has been operating largely independently from Thai Airways International. This has led to some friction between the two companies. To gain greater control of Nok Air, Thai Airways has tried to purchase the shares of other shareholders, notably Krung Thai Bank. However, although Thai Airways and Krung Thai Bank are both state enterprises under the control of the Ministry of Finance (Thailand), Krung Thai Bank refused to sell its shares in Nok Air to Thai Airways. The purchase would have lifted Thai Airways’ stake in Nok Air from 39% to 49%.[5]

Due to the preparation process to be listed in the Stock Exchange of Thailand (SET), the company name had been changed to "Nok Airlines Company Limited" on 16 January 2006. Then, according to its initial entry into Thailand's stock market, it has been renamed to "Nok Airlines Public Company Limited" since 18 January 2013 with trading symbol "NOK".[6]

In 2014 Nok Air announced a joint venture with Scoot Airlines (a low cost subsidiary of Singapore Airlines) to form NokScoot, a low cost regional airline based out of Don Muang Airport in Bangkok.

Destinations[7]

Domestic

From Bangkok - Don Mueang International Airport (Primary Hub)
From Chiang Mai – Chiang Mai International Airport

International

Myanmar
Vietnam
Singapore

Miscellaneous

Nok Air also offers ferry services to domestic Island destinations as well as domestic and cross border coach services to Vientiane and Pakse in Laos in conjunction with other tour operators.[7]

Fleet

Nok Air Boeing 737-800, Phuket International Airport.
Nok Air ATR 72-200, Chiang Mai International Airport.

As of 22 August 2015, the Nok Air fleet consisted of the following leased aircraft. [8][9]

Nok Air operates more than 20 aircraft. However the company announced they will retired three 737s by the end of May. They took delivery of their first Q400 in 2014.

Nok Air fleet
Aircraft Total Orders Passengers Notes
C Y Total
Bombardier Dash 8 Q400 NextGen 6 — 86 86 Launch customer for high-density variation
ATR 72-500 2 — — 66 66
Boeing 737 MAX 8 0 8 — — —
Boeing 737-800 19[10] 6 — 189 189
Total 25 16

Major Shareholders

Major Shareholders (as of 17 March 2015)[11]  % of shares owned
Thai Airways International PLC 39.2%
Siam Commercial Bank 3.44%
Mr. Patee Sarasin 3.28%
Thai NVDR Company Limited 2.84%
Credit Suiss AG, Singapore Branch 2.53%
Morgan Stanley & Co. International PLC 1.63%
Mr. Supapong Asvinvichit 1.48%
Mr. Songkram Cheevaprawatdomrong 1.28%
Mr. Pichai Karnjanarporn 0.80%
TISCO Master Pooled Fund 0.76%
Mr. Chanin Charisarapong 0.75%
State Street Bank and Trust Company for Canada 0.73%
TISCO Dividend Long Term Equity Fund 0.52%

See also

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ 3.0 3.1 Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ 7.0 7.1 Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Nok Air Fleet
  9. ↑ Nok Air Mini Fleet
  10. ↑ http://boeing.mediaroom.com/2015-08-21-Boeing-Delivers-Nok-Airs-First-Direct-Purchased-Next-Generation-737-800
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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