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AAV Announces Financial Results for Second Quarter of 2020

Asia Aviation Plc. (“AAV”), major shareholder of Thai AirAsia Co. Ltd. (“TAA”) today announced its financial results for the second quarter of 2020, posting a total revenue of Baht 2,221.0 million and a net loss of Baht 1,210.6 million. This was predominantly due to travel restrictions causing significantly reduced demand and the temporary hibernation of its fleet in light of the COVID-19 situation.

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