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THAI AIRASIA X ALL SET TO TAKE OFF

KUALA LUMPUR: Thai AirAsia X will go ahead and apply for operating permits in Thailand and slots for its international routes after securing an Air Operator's Certificate.

AirAsia X Bhd said on Tuesday that its Thai associate had officially received approval from the Thai Civil Aviation Department for the certificate.

"The commencement date of commercial operations and the official launch of its hub in Bangkok will be announced once the operating permits and slots are obtained," it said.

Thai AirAsia X will start services from Don Mueang International Airport.

AirAsia X also announced the appointment of Nadda Buranasiri as the new CEO of Thai AirAsia X.

- The Star/Asia News Network

DEPOSITORS REASSURED

The Thai Bankers Association yesterday told depositors not to panic, following reports that some banks - named for their supposed involvement with the government's rice-pledging scheme - have experienced massive withdrawals.

TBA secretary-general Twatchai Yongkittikul said that at present, no bank had pledged to lend to the scheme. There are unsolved legal issues and this has discouraged banks from lending, he said.

There are reports that two state-owned banks witnessed deposit withdrawals worth more than Bt6 billion recently, as depositors feared negative impacts from the purported lending.

TOT HIT BY REVENUE RULE,

DELAYED PROJECT APPROVAL

TOT has acknowledged that it is experiencing difficulty this year, due to the absence of annual concession revenue and the fact that it has to wait for the next government to approve its new projects.

President Yongyuth Wattanasin said the projects awaiting approval included the investment of Bt10 billion in fibre-optic broadband Internet service and the Bt30-billion expansion of TOT's 3G wireless broadband network.

The frequency allocation law obliges both TOT and CAT Telecom to pass all concession revenues to the state coffers since last December.


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