Economy

Thai airlines get safety boost as United Nations lifts 'red flag'

Thai airlines get safety boost as United Nations lifts 'red flag'”

The ICAO has removed its red flag from Thailand, indicating that it no longer has serious safety concerns about the country's aviation sector.

A 2015 audit by the International Civil Aviation Organization (ICAO) of Thai airlines found "significant safety concerns" prompting the downgrade.

In response, Thailand's aviation authority, the CAAT, made a decision to recertify all Thai-registered carriers operating worldwide flights, a process that began in September 2016. The Montreal-based United Nations agency was not immediately available for comment, but the red flag which appeared against Thailand on its website had disappeared.

After this, Thailand's Ministry of Transport will go ahead to solve two issues, including other insignificant matters for safety, and development of aviation personnel sufficient for working up to and maintaining the standard, he said.

The removal of the red flag "shows the trust of ICAO and worldwide community in Thai aviation", Prime Minister Prayut Chan-O-Cha told reporters on Monday.

"Although lifting the red flag is a significant turning point for her aviation industry, Thailand as well as CAAT need to carry on their missions to improve the aviation safety standards", the CAAT said on its website.

Air operator certificates of 28 locally registered airlines operating worldwide flights were reviewed. The government sought the ICAO's reassessment on June 30 and its representatives arrived for the task on Sept 20-27, Gen Prayut said - ending with the removal of the red flag.

On the other hand, millions of tourists travel each year to Thailand, where at regional level operate low-priced companies and other important ones like Thai Airways. Asia Aviation shares rose 4.62%.

"It allows Thai airlines to fly anywhere in the world".

AirAsia could also gain with passengers who travel by Thai AirAsia X which is expected to open new routes in South Korea and Japan.

CAAT Director-General Chula Sukmanop said the CAAT is in the process of verifying the reports with the ICAO before making comments. Shares in airport operator Airports of Thailand rose over 2 percent.

ICAO's red flag was based on its audit of the regulatory body, rather than individual airlines.



Like this

loading...
loading...

Latest


10 October 2017
Wanted man taunts police on Facebook, it backfires big time
The department then thanked all the supporters who shared the post and setting Torino up for a day of picking up trash. Donuts! He promised us donuts! You know how much we love Donuts!" police re-posted to their social media community.

10 October 2017
Namibia: More than 100 hippos die in suspected anthrax outbreak
The incident happened at Bwabwata National Park, which is one of Namibia's biggest game parks in the Zambezi region. He also said they are now monitoring the situation, and that the dead hippos are yet to be disposed of.

10 October 2017
Trian Takes Board Seat at General Electric
He serves on The Bank of New York Mellon Corp. board, and he formerly held board seats with Wendy's and Family Dollar Stores. CEO Robert Lane , who is retiring from GE's board after 12 years, the company said Monday.

10 October 2017
IOS 11: How to Improve Battery Life
Since that display uses up so much power, you don't want to be draining your battery just because you forgot to lock the phone. The most obvious and simple solution is to enact Low Power Mode but it's not something you want to be using all the time.

10 October 2017
Barrick Gold Corp (USA) (ABX) EPS Estimated At $0.18
Barrick Gold Corporation on 6/29/2017 reported its EPS as $0.24 with the analysts projecting the EPS of the stock as $0.21. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable.

10 October 2017
Citigroup Inc. Increases State Street Corporation (STT) Price Target to $102.00
Finally, Hotchkis & Wiley Capital Management LLC grew its stake in State Street Corporation by 9.0% during the first quarter. As of the end of the quarter Janus Capital Management LLC had bought a total of 537,900 shares growing its stake by 694.4%.

09 October 2017
Hulu bets on esports with new shows
Hulu suggested that its users-especially those who view on consoles-are "hungry" for esports content. Each episode will air within a week of the live event.

09 October 2017
Q2 Sentiment Mondelez International Inc (NASDAQ:MDLZ)
Highbridge Mgmt Limited Liability Company accumulated 36,691 shares. (NYSE:NFX) for 40,920 shares. (NYSE:NFX) for 32,854 shares. Year to date (YTD) refers to the period beginning the first day of the current calendar or fiscal year up to the current date.

09 October 2017
Noel Gallagher''s High Flying Birds shake up the 'Holy Mountain — New Sounds
This one features legendary British muso Paul Weller on keys and it's a "joyous" track according to Gallagher himself. The latest, Who Built The Moon? , is yet to be released but the first single was came out today.

09 October 2017
Evacautions ordered in Anaheim Hills as fast-moving brush fire burns
The blaze was reported around 9:40 a.m. off of the 91 Freeway near the Gypsum Canyon Road exit, said Capt. Cal Fire is assisting Anaheim Fire with the fire off of East Santa Ana Canyon Rd., west of Gypsum Canyon.