FarnAir acquires part of K-Mile Air
11 / 03 / 2014
SWITZERLAND-based integrator support airline FarnAir, has purchased 45 per cent of the shares of Thailand’s K-Mile Air.
The shareholding formerly belonged to Transmile Group Berhad. Suan Plu Thani of Thailand remains the cargo carrier’s majority shareholder, a company statement says.
Kedchai Benjaathonsirikul, chief executive of K-Mile Air, states: “This new partnership with FarnAir is going to enhance and further strengthen Bangkok’s position as a regional cargo and logistics hub connecting Thailand to many of the emerging regional countries.
“And, the introduction of newer, efficient B737-400 cargo aircraft will see us being able to fulfill the needs of the market.”
Vic Karjian, group chairman of FarnAir, adds: “This investment is a very significant step for us regarding implementing our strategic vision in the region.
“Our partnership with Suan Plu Thani is key to establishing a successful regional platform serving and connecting emerging markets with established cargo hubs in the region.”
K-Mile Air, based at Suvarnabhumi Airport in Bangkok, began operating scheduled and charter cargo flights in Asia in May 2006. It is Thailand’s only all-cargo airline.