Corporate
Thai AirAsia expands fleet with new Airbus A320s
Thai AirAsia (TAA), one of Thailand’s budget airlines, was granted a Bt2.1 billion (US$70 million) financial lease to purchase two Airbus A320s, according to an executive of Leasing ICBC (Thai).

Thai AirAsia (TAA), one of Thailand’s budget airlines, was granted a Bt2.1 billion (US$70 million) financial lease to purchase two Airbus A320s, according to an executive of Leasing ICBC (Thai).
Ong-art Vorachattarn, Leasing ICBC managing director, said the loan was approved with a strong belief in TAA’s capability, strength and success in managing the airline and its expansion domestically and regionally.
TAA chief executive officer Tassapol Bijleveld said Leasing ICBC has fully supported the low-cost airline with the financial lease.
It will be TAA’s second purchase of the Airbus A320, equipped with Sharklet fuel saving wing tip devices, it becomes the airline’s 29th aircraft, he said. (MCOT online news)
via Thai AirAsia spreads wings with new Airbus A320s | MCOT.net | MCOT.net.
Low Cost Airlines have doubled traffic in Thailand since 2009
LCCs over the last four years have doubled their traffic at Thailand’s main airports to over 20 million passengers, including 13.5 million domestic passengers and 6.9 million international passengers. The rate of LCC growth has been equal in both the domestic and international markets, sandwiching market leader Thai Airways
Corporate
Giant Thai-Chinese wholesale hub opens in Bangkok’s Pratunam
The region’s largest wholesale hub features products from China at wholesale prices, and products from Thai manufacturers to export to China.
Business
Thailand remains in pole position for the highest funds raised across Southeast Asia
Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively

THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.
(more…)Corporate
Thailand’s antitrust agency under scrutiny over $11 Billion Tesco Deal Approval
With the Tesco deal approved, CP Group will gain control over a network of about 2,000 hypermarket and grocery stores across Thailand, and the group already operates 7-Eleven convenience stores and the Siam Makro chain.

Thailand’s largest conglomerate, Charoen Pokphand Group (CP) won on Friday the Thai antitrust agency’s approval for acquisition of retail giant Tesco Lotus: the Office of Trade Competition Commission (OTCC) voted 4:3 in favour of the US$10-billion takeover deal.
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