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Scoot and Nok Airways are taking one key step forward in their plans to set up NokScoot,
Search News Update: *Scoot Airlines to bring Boeing 787 Dreamliners to Gold Coast and Sydney * Scoot and Nok Airways are taking one key step forward in their plans to set up NokScoot, a low-cost budget carrier based in Bangkok. Scoot Promo Code Insider voucher 2019 20% SF promotion Tuesday SG .Singapore Airways said in a statementon Friday that the two partners have agreed on the final structure of the joint-partnership LLC carrier airline. Scoot Airways flight schedule, the low cost arm of Singapore Airways mentioned on Monday it will begin flying to Seoul Korea in June, a good move that could further spruce up competition in one of the world's biggest growing travel markets. Scoot Airline is over the moon to be the first budget airline to travel between Seoul and Singapore, and between Seoul and Taipei.
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This follows the partnership of understanding with Nok Airways which was signed in November 2013. Scoot air is a wholly-owned subsidiary of Singapore Airways. Scoot and Nok Airways will ultimately each hold a 48-per cent shareholding of the joint venture holdings.
The final 3 per cent will be held by Pueannammitr Co, a company formed by the management of Nok Airways. The partners plan to set up the joint venture carrier by way of acquiring an existing company, Pete Airways Co, which holds an air operator's licence.The joint venture business will be subsequently renamed NokScoot Airlines Co. The partners have agreed to invest an initial aggregate amount of S$81 million in the joint partnership.
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