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Thai Airline Puts Brakes on Expansion Plans.

Bangkok Post (Bangkok, Thailand)

| May 07, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Boonsong Kositchotethana

May 7--Fierce competition triggered by the rapid expansion of budget airlines, spiralling fuel costs and the travel low season have prompted PB Air to shelve its plans for expansion, including the proposed acquisition of a jetliner.

The privately owned carrier's management, led by Piya Bhirombhakdi, president of Boon Rawd Brewery, has decided to postpone plans to lease the new aircraft for at least two months, according to Captain Yothin Pamon-montri, the president of PB Air.

The acquisition of the aircraft would be instrumental in the airline's plans to expand to neighbouring countries, notably China.

...

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Source: HighBeam Research, Thai Airline Puts Brakes on Expansion Plans.

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