Message from Executive Chairman

The year 2021 marked two years that our company was impeded by the COVID-19 pandemic. While we had learned many lessons and made many changes, countless challenges continued to present throughout the year and enforces us to get through them.

Our most urgent and critical matter was finding the best way to enhance our liquidity so we could return to growth. After I repeatedly assured everyone Thai AirAsia would “make it”, we were able to successfully restructure our operations and secured needed liquidity by the end of the year.

I wish to thank all of our staff for their dedication and hard work, and our shareholders and investors for their confidence and belief that AAV would return with strength when the opportunity arose. We saw wonderful support throughout our restructuring, from the Rights Offering to the Private Placement and the convertible bonds sale.

This restructuring took place at just the right time as 2022 is set to be a year of recovery. Circumstances are improving and we will be the first to start growing and competing when the possibility unfolds

The lessons we learned over the past two years have made us stronger and I am committed that I will be directing our company towards recovery as soon as possible, as a gratitude to everyone who has persevered with us.

Mr. Tassapon Bijleveld
Executive Chairman