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Nok Air, ANA Holdings to open “Pan Am Thailand” Pilot Training Company in September 2014

August 9, 2014 Destination Thailand No Comments Email Email

Nok Air is pleased to announce a joint venture with ANA Holdings to launch the Pan Am International Flight Training Center (Thailand) Limited – ‘Pan Am Thailand’ – slated for operations in September 2014.

The world-class pilot simulator training center will open with an A320 simulator, with plans to expand to a total of four simulators – two A320s and two Boeing 737NGs. The first Boeing 737NG simulator will open in January 2015, followed by the second in April 2015. This joint venture forms a strong partnership between Nok Air, ANA Holdings, and Assumption University, the first international Thai university which recently set up a new flight training department for students with no flight experience.

By 2030 approximately 230,000 pilots will be required, which is 4.5 times more than current pilot numbers (Source: ICAO “Global and Regional 20-year Forecasts”). “South East Asia’s aviation market is rapidly expanding and there is a need for highly trained flight crew. The Pan Am Thailand will position Thailand as the prime training ground providing the highest quality training for pilots,” states Patee Sarasin, CEO of Nok Air.

“For Nok Air, the joint venture means that we are able to cut our pilot training costs by up to 50%, and proudly providing world-class flight simulator training in Thailand,” Sarasin added. The flight training center marks the first step in a relationship between Nok Air and ANA Holdings that both parties plan to continually develop. The joint venture will benefit both Nok Air and ANA Holdings, in which the Group is building on the success of ANA Holding’s Pan Am flight academy operations in North and South America, which it acquired in August 2013.

Company Summary

Company name Pan Am International Flight Training Center (Thailand) Limited
Shares 27,100,000 shares
Shareholders ANA Group 75% : NOK AIR 15% : Assumption Univ. 10%
Capital USD 8.3 million
Location Assumption Univ. Suvarnabhumi Campus, Bangkok, Thailand
Planned start of operations Mid-September 2014
Simulators A320(1)( September 2014 ) =1
B737NG(1)(January 2015)   =2
A320(1), B737NG            (1)( April 2015 ) =4
Board Members ANA Group                  4(CEO, CFO, COO, 1 director)
NOK AIR                  1(director)
Assumption Univ.        1(director)
Employees Initially 12 (excluding directors)
Other Capital investment from ANA Holdings is conducted through Strategic Partner Investment Pte. Ltd. which was established on June, 2013.

Appendix

NOK AIR Summary

Company name NOK AIRLINES PUBLIC COMPANY LIMITED
Representative Mr. Patee Sarasin (Chief Executive Officer)
Industry Air transport business
Capital 3,667 million Thai baht (as of December 31, 2013)
Date of establishment February 10, 2004
Major shareholder and holding ratio Thai Airways International Public Company Limited:39.2%
Employees 1,001 (as of December 31, 2013)
Stock exchange Listed on The Stock Exchange of Thailand
Corporate website http://www.nokair.com/
Business performance and financial results for the most recent three years (Unit: 1 million Thai baht)
Period Year ended DEC 2011 Year ended DEC 2012 Year ended DEC 2013
  Shareholders’ Equity 797 888 4,543
  Total Assets 2,015 2,252 6,271
  Total Revenue 6,077 8,260 11,315
  Profit Before Income Tax Expenses 292 520 1,099
  Profit for the year 200 505 1,066

 

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