NokScoot Enters Liquidation
NokScoot Enters Liquidation

BREAKING: NokScoot Enters Liquidation

Thailand’s NokScoot Airlines is entering liquidation. The airline’s board of directors has passed a resolution to liquidate the company. Its shareholders will deliberate this resolution at a general meeting, which is to be held in about 14 days.

The press statement from NokScoot said “NokScoot, a joint venture between Scoot and Thailand-based airline Nok Air, has been operating in very challenging circumstances since its inception in 2014. Some of the challenges include difficulties in growing the network and a very intense competitive environment”.

“Unprecedented challenges arising from the COVID-19 pandemic have further exacerbated the situation. Consequently, the Board of Directors does not see a path to recovery and sustainable growth for the airline.”

Before the pandemic, NokScoot operated 7 Boeing B777-200ERs which were supplied by Singapore Airlines. These aircraft are in a two-class 415-seat configuration.

NokScoot operated out of Bangkok’s Don Mueang International Airport and offered a network within Asia that flew to 11 medium to long-haul destinations.

a map of asia with flags and lines
NokScoot Network Before COVID-19

According to FlightsGlobal, Singapore Airlines has confirmed that they are taking back the Boeing 777-200s.

a yellow and white airplane flying in the sky
NokScoot Boeing B777-200ER

To date, 425 employees have been retrenched. A small team of employees will stay on to manage and see through the liquidation process to completion.