News
Nok Air misses deadline for financial results filing
November 3rd 2021
Financially embattled Nok Air has missed a filing deadline for its financial results but has promised to report them by November 30. Read More » The Stock Exchange of Thailand (SET) warned Nok Air in September it could be delisted. The LCC responded by outlining recovery measures that included fleet changes, cost reductions and renegotiated leases. The carrier applied to Thailand’s Central Bankruptcy Court to undergo debt restructuring in July 2020. Objections by some creditors led to court hearings last September and the approval of a rehabilitation plan on September 29. In a letter to SET this week, the Nok Airlines Public Company said financial statements for the six months ended June 30 needed to be in line with its rehabilitation plan and its auditor needed more time to review the documents. “The company is working closely with the auditors in order to get financial statements for the first six-month period (ended June 30, 2021) by November 30, 2021,” it said. The airline lost 7.3 billion baht (US$219.4 million) in 2020.
