SIA Engineering Company has said that it is evaluating the sustainability of its Thai-based line maintenance joint-venture company with Nokscoot Airlines Co. SIAEC and NokScoot have 49:51 ownership in Line Maintenance Partnership Company Limited .
The evolving impact of the Covid-19 pandemic and depressed air traffic movement in Thailand has led the investments in LMPT to be scaled down with a minimal manning level at Don Muang International Airport in Thailand. "There is, pending its shareholders’ approval, a proposal for the dissolution of NokScoot. SIAEC will also evaluate the impact of such dissolution, if approved, on the viability of LMPT," SIAEC said in a regulatory filing on the Singapore Exchange website on Sunday.BT is now on Telegram!
Source: News Formal (newsformal.com)
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