Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Thailand
  4. Stock Exchange of Thailand
  5. Airports of Thailand Public Company Limited
  6. News
  7. Summary
    AOT   TH0765010Z08

AIRPORTS OF THAILAND PUBLIC COMPANY LIMITED

(AOT)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Airports of Thailand Public : Additional Assistance Measures for Airlines Affected by the Coronavirus Disease 2019 (COVID-19) Outbreak at Airports under Supervision of Airports of Thailand Public Company Limited

08/25/2021 | 09:24am EST

- Translation -

No. 1156725 August 2021

Subject: Additional Assistance Measures for Airlines Affected by the Coronavirus Disease 2019 (COVID-19) Outbreak at Airports under Supervision of Airports of Thailand Public Company Limited

To: President,

The Stock Exchange of Thailand

The Coronavirus Disease 2019 (COVID-19) outbreak has become widespread since December 2019 and consistently more severe until now. The global aviation industry has been severely impacted by the COVID-19 outbreak, threatening the ability of airlines, including many Thai airlines, to operate flights and deliver passenger services normally at their full capacity.

Some of them have faced a lack of liquidity and decided to temporarily suspend their operations as already appeared in the news.

Airports of Thailand Public Company Limited (AOT), the operator of all six airports, has recognized such problem and continuously implemented assistance measures for airlines

and concessionaires as its business partners. Based on the mutual exchange of opinions, the airlines wish to request AOT to consider assistance measures in terms of the extension of credit term of payment for office and state property rents and service charges with consideration on aviation forecasts conducted by the International Air Transport Association (IATA) (2025 - 2026). The airlines, together with the Board of Airline Representatives Business Association (BAR) and the Airline Operators Committee (AOC) at Don Mueang International Airport, submitted letters, requesting AOT to consider additional assistance measures for airlines in 2021 so that they can ensure continued operations. Also, the Civil Aviation Authority of Thailand (CAAT) issued a letter, requesting AOT to consider the postponement of payment for office and state property rents, landing and parking charges to relieve the impacts and ensure the airlines' cash flow for continued operations.

To relieve the impacts and ensure the airlines' continued operations, the AOT Board of Directors, in the Meeting No. 11/2021 held on Wednesday, 25 August 2021, therefore, resolved to approve assistance measures for airlines operating flights at all six airports under AOT's supervision and affected by the COVID-19 outbreak as follows:

333 ถนนเชิดวุฒากาศ สีกัน ดอนเมือง กรุงเทพฯ 1021333 Cherdwutagard Road, Srikan, Don Mueang, Bangkok 10210, Thailand WEBSITE http://www.airportthai.co.th

โทรศัพท์: 66(0) 2535-1192

Tel

: 66(0) 2535-1192

โทรสาร : 66(0) 2535-4061

Fax

: 66(0) 2535-4061

ทะเบียนเลขที่ 0107545000292

Registration No. 0107545000292

2

  1. Postpone a 9-month payment for landing and parking charges and aircraft service charges for each periodic payment during April - December 2021, whereby installment payments can be applied, but not exceeding 12 months per each periodic payment, which shall not be deemed as delayed. However, such postponement of payment shall only apply to the airlines who submitted a request letter to AOT.
  2. AOT reserves the right to make any change, correction, or cancellation of conditions of assistance measures for airlines, whenever appropriate, in accordance with the situations and impacts caused by the COVID-19 outbreak.
    Please be informed accordingly.

Yours sincerely,

SHANALAI CHAYAKUL

Corporate Secretary

Authorized Person

The Corporate Secretary and Corporate Governance Department

Tel. 0 2535 5260

Fax. 0 2535 5189

Disclaimer

AOT - Airports of Thailand pcl published this content on 25 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2021 13:14:29 UTC.


ę Publicnow 2021
All news about AIRPORTS OF THAILAND PUBLIC COMPANY LIMITED
11/25AIRPORTS OF THAILAND PUBLIC : Measures to Maintain Airlines and Concessionaires' Business ..
PU
11/25Airports of Thailand Public Company Limited Provides Revenue Guidance for the Fiscal Ye..
CI
11/25AIRPORTS OF THAILAND PUBLIC : Date and Agenda for the 2021 Annual General Meeting of Share..
PU
11/25AIRPORTS OF THAILAND PUBLIC : Appointment of Member of the Audit Committee
PU
11/25Airports of Thailand Public Company Limited Proposes Omission of Dividend for the Year ..
CI
11/25Airports of Thailand Public Company Limited Appoints of Phadcha Pongkeeratiyu as Member..
CI
11/22AIRPORTS OF THAILAND PUBLIC : Resignation of Audit Committee Member
PU
11/22AIRPORTS OF THAILAND PUBLIC : Management Discussion and Analysis Yearly Ending 30 Sep 2021
PU
11/22AIRPORTS OF THAILAND PUBLIC : Financial Performance Yearly (F45) (Audited)
PU
11/22Airports of Thailand Public Company Limited Announces Resignation of Air Chief Marshal ..
CI
More news
Analyst Recommendations on AIRPORTS OF THAILAND PUBLIC COMPANY LIMITED
More recommendations
Financials
Sales 2022 26 239 M 783 M 783 M
Net income 2022 -2 903 M -86,7 M -86,7 M
Net Debt 2022 28 999 M 866 M 866 M
P/E ratio 2022 -225x
Yield 2022 0,05%
Capitalization 900 B 26 690 M 26 869 M
EV / Sales 2022 35,4x
EV / Sales 2023 14,7x
Nbr of Employees 8 117
Free-Float 26,5%
Chart AIRPORTS OF THAILAND PUBLIC COMPANY LIMITED
Duration : Period :
Airports of Thailand Public Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AIRPORTS OF THAILAND PUBLIC COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 63,00 THB
Average target price 68,91 THB
Spread / Average Target 9,38%
EPS Revisions
Managers and Directors
Nitinai Sirismatthakarn President & Director
Somboon Noinamkham Chief Financial Officer & Senior EVP-Accounting
Sarawut Benjakul Chairman
Kittipoj Venunandana EVP-Information and Communication Technology Group
Chadanisa Chumnanvej Senior Executive VP-HR & Administration