Air Macau to fly to Europe via Bangkok

21 February 2006

Macau, China, 21 Feb – Air Macau is to fly to Europe via Bangkok, under the terms of an agreement signed with Thai Airways, the air carrier’s chief executive, David Frei, said Monday.

“The company is going to bet on a long term partnership with Thai which will make it possible to offer Air Macau’s customers, as of March, around 15 European destinations, from the Thai capital,” Frei said.

Frei added that non-audited losses for Air Macau in 2005 – around US$2.61 million, following profits of US$9.26 million in 2004 – were essentially due to an increase in operating costs due to fuel price increases.

The Macau airline, whose main market links Taiwan and mainland China, has as its main shareholders, the China National Aviation Corporation (Macau) (51 percent) and SEAP – Serviços, Administração e Participações, which includes TAP Portugal (20 percent).

The remaining capital of Air Macau is held by the Macau Society of Tourism and Entertainment (14 percent), by the Government of the Special Administrative Region of Macau, Taiwan air carrier Eva Air with five percent each and a group of small private investors.

Air Macau, which in 2005 transported over 2 million passengers, flies to 18 destinations including mainland China, Taiwan, Thailand, South Korea and the Philippines. (macauhub)