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Thailands Red Flag Status Removed

11 October 2017 (Readers 495)

The Civil Aviation Authority of Thailand (CAAT) recently disclosed that the United Nations International Civil Aviation Organization (ICAO) had removed a red flag against Thailand over safety concerns on 6 October 2017, following a recent ICAO field audit of the CAAT and subsequent evaluation in ICAOs Montreal head office. Thai Airways shares then jumped as much as 8.7 per cent, while Bangkok Airways rose as much as 4.3 per cent on 9 October 2017.
Prime Minister Gen. Prayut Chan-o-cha praised the move as an historic event for Thailand. The premier personally received the confirmation from Arun Mishra, Asia and Pacific director of the ICAO, on 9 October.
After discovering 33 significant safety concerns during an earlier inspection, the ICAO issued Thailand a red flag in June 2015. The downgrade meant Thai airlines were prevented from adding international routes.
From now on, Thai airlines can add flights to the growing China, South Korea, and Japan markets. Nonetheless, the CAAT recognizes that Thailand still needs to carry on the countrys mission to improve aviation safety standards in spite of this turning point for the aviation industry the lifting of the red flag.
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