Thai AirAsia

IATA ICAO Callsign FD AIQ THAI ASIA
Founded	12 November 2003; 20 years ago
Commenced operations	4 February 2004; 20 years ago
AOC #	AOC.0002
Operating bases	Bangkok–Don Mueang Bangkok–Suvarnabhumi Chiang Mai Chiang Rai Hat Yai Krabi Pattaya/U-Tapao Phuket
Frequent-flyer program	BIG Loyalty Programme
Fleet size	53
Destinations	67
Parent company	Asia Aviation Public Company Limited
Traded as	SET: AAV
Headquarters	Registered office: 60/1 Monririn B Building 3rd Floor, Soi Sailom, Phahonyothin Road, Sam Sen Nai Subdistrict, Khet Phaya Thai, Bangkok, 10400, Thailand Head office: 222 Don Mueang International Airport, 3rd Floor, Central Office Building, Room No. 3200 Vibhavadi Rangsit Road, Don Mueang, Bangkok, Thailand 10210
Key people	Santisuk Klongchaiya (CEO)
Revenue	THB 2.15 billion (2021)
Net income	THB ?6.65 billion (2021)
Website	www.airasia.com

Thai AirAsia (SET: AAV, Thai: ?????????????) is a Thai low-cost airline. It is a joint venture of the Malaysian AirAsia (??????????) and Thailand's Asia Aviation. It serves AirAsia's regularly scheduled domestic and international flights from Bangkok and other cities in Thailand.

History

On 12 November 2003, AirAsia partnered with Shin Corporation to establish AirAsia Aviation Co. Ltd. (Thai AirAsia). It launched operations in February 2004 by launching flights from Bangkok–Don Mueang to Hat Yai, Phuket, and Chiang Mai.

On 15 February 2006, it was announced that Asia Aviation PLC (AAV), a registered Thai company, had taken Shin Corporation's 50 percent stake in Thai AirAsia. Asia Aviation was a joint venture set up by Shin Corporation, which held 49 percent of Asia Aviation's shares while 51 percent was held by Thai investor Sittichai Veerathammanoon.

In May 2007, Thai AirAsia's management acquired 100 percent of Asia Aviation. Thai AirAsia is 55 percent owned by Asia Aviation and 45 percent owned by Malaysia-based AirAsia Group. In June 2016 King Power purchased a US$225 million stake in Thai AirAsia. The purchase of 39 percent of holding company Asia Aviation makes King Power the second largest shareholder in Thai AirAsia. It sold back its shares to Asia Aviation a year later.

Thai AirAsia was once the only low-cost airline operating both domestic and international flights from Suvarnabhumi Airport in Bangkok, having moved there in 2007 from Don Mueang International Airport. However, the airline transferred all operations from Suvarnabhumi to Don Mueang on 1 October 2012. On 25 September 2020, Thai AirAsia resumed flights from Suvarnabhumi Airport.

Destinations

As of September 2023, Thai AirAsia operates or has operated to the following destinations:

Fleet

An Airbus A320neo of Thai AirAsia

As of October 2023, Thai AirAsia operates the following aircraft:

Former fleet

Sponsorship

Thai AirAsia is one of the sponsors of the Thailand national football team, Leicester City, Queens Park Rangers, the Thai Fight Muay Thai, the Thai football teams BG Pathum United, Bangkok United, Buriram United, SCG Muangthong United, Chonburi, Rajpracha, Police Tero, Chainat, Sisaket, Samut Prakan City, Rajnavy FC, Ubon United, Air Force Central, Port, Udon Thani, Krabi, Nakhon Ratchasima, Ayutthaya United, Khon Kaen, MOF CUTD, Nakhon Phanom, Loei City, Trang, Phayao, Phuket City, The referee of FAT, Coke Cup and Thailand Volleyball Association.

Marketing

Thai AirAsia has endorsement deals with the following:

• Mum Jokmok
• Pleumjit Thinkaow
• Aed Carabao
• Nadech Kugimiya

Reliability and On-Time Performance

Thai Air Asia was recognized by Cirium as 2022's most reliable airline in Asia. Thai Air Asia had an on-time performance rate of 91.56% in 2022. This is the first year it has won the top position.