International Civil Aviation Organization (ICAO) has removed the red flag against Thailand over safety concerns, the Civil Aviation Authority of Thailand said on Monday
Airlines in Thailand was downgraded in June 2015 after its Civil Aviation Regulator missed a deadline to resolve significant safety issues. The red flag barred the airlines in Thailand to add new international routes though they could continue to operate routine flights.
The Montreal, Canada based ICAO has been in discussions with Thai aviation authorities in upgrading Aviation safety standards in Thailand.
Civil Aviation Authority of Thailand (CAAT) welcomed the move and said “Although lifting the red flag is a significant turning point for her aviation industry, Thailand as well as CAAT need to carry on their missions to improve the aviation safety standards,”
CAAT director general Chula Sukmanop told a news conference the removal of the red flag would give Thai airlines a chance to start new flights to China, Japan and South Korea.
The news reflected in Thai share market, where Thai Airways share price climbed nearly 8 percent before falling back to 5 percent, and Thai Air Asia, rose as much as 5 percent and later traded up nearly 4 percent.