Thai AirAsia X plans to submit a rehabilitation plan by mid-April, compensating all passengers affected by Covid-19 over the next 4-5 months. The rehabilitation plan is being negotiated with creditors and will not affect the airline’s operations, which flies direct to six destinations. However, technical obstacles include one of its six Airbus A330 aircraft being out of service. The airline needs between 20 days to one month to fix this issue, and expects all six planes to be back operating before next month’s Songkran holiday. To compensate affected passengers, the airline offered free flight changes, travel vouchers and refund options. Thai AirAsia X expects to compensate all passengers in 4-5 months as the aviation industry recovers and airlines gain healthier cash flows. Flight capacity is about half of pre-pandemic levels, with the fleet reduced to six jets from 12 prior to the pandemic. The airline’s newest route is Bangkok-Shanghai, planned to start in April. Thai AirAsia X’s popular routes between Bangkok and Tokyo, Osaka, and Seoul have already recovered to more than 50% of their pre-pandemic frequencies. With 20 million passengers projected for this year, Thai AirAsia estimated Chinese passengers will account for 20% in terms of numbers and 30% in revenue.
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