one 2 go gone bust ?

[rob69uk]

One 2 go look like they be have gone bust

 

One-Two-Go forced to suspend operations for nearly two months

By Suchat Sritama

The Nation

Published on July 19, 2008

 

 

Low-cost carrier One-Two-Go will suspend its operations from July 22 to September 15, making it the first airline victim of record oil prices.

 

 

Founder and CEO Udom Tatiprosongchai said the unrelenting rise in oil prices had forced the airline to shut down temporarily.

 

 

During this period there will be a reorganisation to prepare for a return to business.

 

 

"The company has been losing money for months, and we cannot continue like this," said Udom, adding that One-Two-Go would resume operations when the situation improved.

 

 

Two of its rival, Thai AirAsia and Nok Ai, are still in service but facing the same cost pressure.

 

 

Both have revised their business strategies and rescheduled some routes.

 

 

Udom said One Two Go had been operating based on actual costs while other players had different strategies. In a statement, One Two Go said high oil prices were hurting the global airline industry.

 

 

Airlines world-wide have cut 30 per cent of their flights and raised surcharges to stay in business.

 

 

One Two Go was the country's first low-cost airline, starting its service in December 2003 with a Bangkok-Chiang Mai flight.

 

 

It ran into trouble when one of its planes crashed in Phuket, killing 90 passengers. Rumours abounded that it could face regulatory problems due to its safety record.

 

 

Udom declined to comment on this issue.

 

 

Relatives of the victims in the Phuket crash have started a web-site, www.investigateudom.com, to campaign for an investigation into Udom's business conduct.

 

 

It was alleged that Udom had misled pilots into flying unsafe planes and paid bonuses for those who worked beyond the legal maximum of flying hours.

 

 

Chaisak Angkasuwan, director-general of the Civil Aviation Department, could not be reached for comment yesterday.

 

link http://www.nationmultimedia.com/2008/07/19...es_30078459.php

[sonic692]

Is that the mob who had that terrible crash in Phuket?

[Thai Tony]

Nok Air has made some big cut backs & all is not good for budjet airlines.

 

Thai Tony.

[gregkai]

Is that the mob who had that terrible crash in Phuket?

I think it is...I travelled with them a few times, including to Phuket....the crash came as a shock

But here it seems that all low cost companies have problems :( I guess the price of the domestic tickets will hike up...

Well at least the baht/euro change is really good now, if it stay like that my trip in september may tuen

out cheaper than usual even with an air ticket price a little above what it was in May :-)

Edited July 18, 2008 by gregkai

[beefy]

the a pity cos they were well priced and its always good to have a bit of competition!!! seems like everyone is feeling the pinch big style!!!

[Sheist!]

Good thing I've never flown them, or even heard of them.

 

Only if an airline liquidates do you lose your paid fare, but I wonder what happens if they suspend operations during a period you paid for? Will they give you a flight after they resume, or is your cash lost?

 

Most airlines keep flying and no one loses anything, while they reorganize with Chapter 11, but I am keeping my eyes open for news about any airline that LIQUIDATES.

 

Any paid fair on those are lost, lost, lost.

[todd2rip]

...I remember hearing on the news about the flight

that crashed while trying to land in Phuket, I sure

feel sorry about the people on that plane, you just

never know when your time is up.

 

With fuel prices soaring, I still plan to travel, but

whenever I can make a few extra dollars, I plan

to do so...so that way I dont get into the negative

stuff regarding rising costs....it gets a bit old hearing

and talking about that...

 

 

aki