By Cirium2021-02-19T05:32:00+00:00
The restructuring of Thai Airways International has dominated headlines in the Kingdom, but a smaller, privately held carrier is also reorganising under the same business rehabilitation protection as the flag carrier.
Less is at stake for lessors in Nok Air’s restructuring. The airline has only about half the number of leased aircraft that Thai has, and its fleet is much simpler: just 14 Boeing 737-800s and eight De Havilland Canada Q400s, according to Cirium fleets data.
Source: Nok Air
The 737-800 is the mainstay of Nok Air’s fleet
But the lessors that do have exposure include some of the biggest names in the business, such as Avolon, BBAM, BOC Aviation and GECAS – and all of these lessors have multiple units exposed to Nok.