Financial Daily from THE HINDU group of publications
Thursday, Nov 27, 2003
Financial Daily from THE HINDU group of publications Thursday, Nov 27, 2003 |
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Logistics
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Airlines Thai Air expects higher revenue from India Our Bureau
Chennai , Nov. 26 THAI Airways expects its revenues from India to go up, on account of rising traffic as well as a step-up in its operations. At present, the airline earns "$6 million per month" (roughly Rs 320 crore a year), but this would increase with the expansion of its service. Only last month, the airline began its Bangkok-Chennai-Dubai-Chennai-Bangkok service. Senior officials of the company told a press conference that the Chennai-Bangkok segment was looking good. Last year, 45,000 people travelled this segment. The number is increasing, driven by people who want to travel from Bangalore to Thailand. Accordingly, Thai Airways intends to start a Bangkok-Bangalore service next year. Mr Chaiwat Chanapai, Thai Airways, said that the "free trade philosophy" between India and Thailand would bring in more trade, and hence more traffic.
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