The Stock Exchange of Thailand (SET) has again warned Nok Airlines Public Company Limited, doing business as Nok Air (DD, Bangkok Don Mueang), that it risks delisting unless it gets its affairs in order and resumes trading on the bourse.
In a July 31 announcement, the SET said Nok's grounds for delisting must be resolved by September 8. The stock exchange suspended trading in the low-cost carrier's shares in 2022 after they repeatedly ignored warnings to submit their audited financial statements. This followed a previous short-lived suspension in 2021 for the same reason. Trading in the airline's shares has remained suspended since 2022, and the SET has issued warnings since then that they would delist the company unless it brought its affairs into order, specifically bringing their submissions of audited financial statements up to date.
"If the process cannot be completed within the specified time, the Stock Exchange of Thailand Board of Directors will consider delisting the common shares of the company from the list of listed securities," the announcement warned last week.
Complicating matters for Nok Air is its restructuring. Last year, CEO Wutthiphum Jurangkool said the airline was unlikely to complete the process within the maximum five years allowed. The period expires in the second half of 2026. However, the LCC recently reported a net profit of THB47.66 million baht (USD1.35 million) for the 2023 fiscal year - its first profit in nine years.
According to the ch-aviation PRO airlines module, Nok Air flies to 21 airports across Thailand, India, and China with a fleet of fourteen B737-800s.
