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Competition heats up in Thailand's skies

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Competition heats up in Thailand's skiesCompetition heats up in Thailand's skies PR Newswire BANGKOK, Jan. 29, 2014 Intense competition from entry of new players in to the market, struggling national carrier and volatile political climate is impacting Thailand Aviation immensely in the short term.

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Published 29 January 2014
Reads 5
Language English
Competition heats up in Thailand's skies

PR Newswire

Intense competition from entry of new players in to the market, struggling national carrier and volatile political climate is impacting Thailand Aviation immensely in the short term. And given the imminent impact of ASEAN agreement, the time lost at this juncture could be critical for Thailand businesses.

Ravi Madavaram, Aerospace & Defense consultant from Frost & Sullivan said that, "ASEAN has triggered a mad rush by different airlines to reach all the major markets in the region – Indonesia, Singapore, Thailand, Malaysia, Vietnam and Philippines. But the latest zone of significant market activity is seen in Thailand. This is predominantly because there has been no major LCC airline which was founded in Thailand apart from Nok Air. Indonesia has Lion Air, Singapore has Tiger Air, Malaysia has AirAsia and Philippines have Cebu Pacific. This lack of home grown regional LCC has left the market open for LCC's from elsewhere."