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Founded | 10 February 2004 | ||||||
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Commenced operations | 23 July 2004 | ||||||
Hubs | Don Mueang International Airport | ||||||
Secondary hubs | Chiang Mai International Airport | ||||||
Alliance | Value Alliance | ||||||
Subsidiaries | NokScoot (51%) | ||||||
Fleet size | 33 | ||||||
Destinations | 30 | ||||||
Company slogan | Smiling Across Asia | ||||||
Parent company | Nok Airlines Public Company Limited | ||||||
Traded as | : NOK | ||||||
Headquarters | Rajanakarn Building 17th Floor, 3 South Sathon Road, Yannawa, Sathorn, Bangkok, Thailand | ||||||
Key people | Mr Patee Sarasin (CEO) | ||||||
Revenue | 12,312.93 million baht (2014) | ||||||
Net income | -471.66 million baht (2014) | ||||||
Total assets | 6,569.00 million baht (2014) | ||||||
Total equity | 3,771.12 million baht (2014) | ||||||
Website | www.nokair.com |
Nok Air (: NOK, Thai: นกแอร์, derived from nok (นก), the Thai word for bird) is a low-cost airline in Thailand operating mostly domestic services out of Bangkok's Don Mueang International Airport.Thai Airways owns the largest stake in the airline.
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. Nok Air began its first international service on 31 May 2007, with daily flights to Bangalore, India.
Nok Air serves the largest number of domestic routes within Thailand (24 routes).
Since its inception, Nok Air has been operating largely independently from Thai Airways. 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. Although Thai Airways and Krung Thai Bank are both state enterprises under the control of the finance ministry, 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 percent.
Due to the preparation process to be listed in the , the company name had been changed to "Nok Airlines Company Limited" on 16 January 2006. Then, at its initial entry to Thailand's stock market, it was renamed "Nok Airlines Public Company Limited" (since 18 January 2013) with trading symbol "NOK".
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 Mueang Airport in Bangkok.
A new company slogan, "Smiling Across Asia" was unveiled in June 2016. It hints at Nok's strategy of becoming the dominant regional carrier.
Beginning in mid-February 2016, Nok Air cancelled numerous flights and issued several contradictory stories to explain the cancellations. The resignation of 17 pilots that followed a 14 February work stoppage by about 10 pilots and the 25 February announcement of an extension of flight cancellations 10 March cast doubt on the airline's competence.