Thai AirAsia Co Ltd may merge with another low-cost carrier to keep pricing wars in check once flights resume in the country, its executive chairman Tassapon Bijleveld told the Bangkok Post.
Tassapon said he already discussed with other airlines about the possibility of a merger, but did not disclose any details as there was no concrete plan yet.
“A merger is possible if aviation in Thailand resumes with the same old fiery price wars, as now we have more limited revenue sources,” he said.
He added that if Thailand did not resume tourism activities by July, the company would need to start laying off employees next year, downsizing the company and its fleet to keep its business alive.
Thai AirAsia is a 55:45 joint venture between Thailand’s Asia Aviation and Malaysia’s AirAsia Group Bhd. – May 28, 2020
