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Asolica > Blog > Finance > Two low-cost airways lose licenses, all flights off
Finance

Two low-cost airways lose licenses, all flights off

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Last updated: February 20, 2026 6:59 pm
Admin
4 hours ago
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Two low-cost airways lose licenses, all flights off
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Essentially the most important license that an airline wants so as to launch and promote tickets for industrial flights to passengers is the Air Operator’s Certificates (AOC).

Contents
  • AirThailand and Actually Cool Airways now not have AOCs: Report
  • What occurs when an airline loses an AOC
    • Some regional airways to just lately file for chapter:

Handed out by the aviation regulatory authority in a given nation, the AOC is granted as soon as the airline proves that it has the required planes, workers, security programs and monetary assets to function.

An AOC will also be revoked over a failed security audit whereas if a service is in a state of insolvency, it has a set time period to show that it has a viable restructuring plan. Within the absence of 1, the airline can obtain a suspension or full revocation that may shut it down even when it had not deliberate to do that.

AirThailand and Actually Cool Airways now not have AOCs: Report

Airways that misplaced their AOCs over the previous few months embrace Estonia-based SmartLynx Airways, Austria-based Mali Air and Swedish constitution service H-Chicken. The latter airline had run into deep debt from a enterprise mannequin that focused rich vacationers who e book constitution flights however not bringing in sufficient of them to make up for working prices.

As first reported by ch-aviation, two low-cost airways in Thailand have turned the most recent to lose their AOCs. Rebranded from the defunct Asia Atlantic Airways in 2024, AirThailand was relaunched in 2024 with the objective of operating brief flights to China, Japan and the United Arab Emirates out of its base in Bangkok-Suvarnabhumi Airport (BKK) however finally didn’t get off the bottom.

Associated: One other journey firm information for chapter, cancels all journeys

Whereas causes for the misplaced AOCs haven’t been made publicly out there, AirThailand tried to enter a market stuffed with competitors from numerous Asian airways additionally flying the identical routes to the favored vacationer locations: AirAsia and Jetstar Japan particularly.

What occurs when an airline loses an AOC

Based in 2018 additionally out of Suvarnabhumi Airport, Actually Cool Airways had been making ready to launch its first flights inside Asia in 2026 as properly however is now reported to now not have a legitimate AOC. Founder and CEO Patee Sarasin had beforehand spoken of deliberate routes to Japan, Singapore, Hong Kong, Taiwan and Kazakhstan in addition to eventual plans to broaden to London and Australia.


Two price range Thai airways are reported to now not have legitimate AOCs.

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Some regional airways to just lately file for chapter:

  • Spirit Airways (Spirit Aviation Holdings, Inc.): Filed for Chapter 11 chapter for the second time on August 29,2025.
  • Ravn Alaska: Ceased operations in August 2025 after earlier Chapter 11 proceedings; shut down flights and folded into different operations reminiscent of New Pacific.
  • Company Air: Filed for Chapter 11 chapter (restructuring) in September 2025 as a part of a deliberate sale, based on Bondoro.
  • Play Airways: The Reykjavik-based airline shut down operations and entered involuntary chapter in September 2025.
  • Braathens Airways:The airline was pressured to file for chapter and canceled all of its flights in September2025.

Journey Information:

  • Airline to launch uncommon new flight to Cayman Islands from the U.S.
  • United Airways CEO provides stark warning on Olympic Video games
  • Surprising nation is most luxurious journey vacation spot for 2026
  • US authorities points sudden warning on Switzerland journey

In Thailand, the regulatory company granting AOCs is the Civil Aviation Authority of Thailand (CAAT); neither it nor both of the 2 airways have commented on studies that they’ve misplaced their licenses.

Associated: One other regional airline information for Chapter 7 chapter and liquidates

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