Bangkok Airway's Annual General Meeting of Shareholders 2018

On Wednesday of April 18, 2018, at 14.00 hrs, Bangkok Airways Public Company Limited (the “Company”) to provide the 2018 Annual General Meeting of Shareholders at Grand Ballroom, Miracle Grand Convention Hotel by Air Chief Marshal Kaset Rojananil Chairman of Director is the Chairman of the meeting, management and shareholders to join a meeting by an important agenda, as follows: 

1. Operating Results 2017

The Annual General Meeting of Shareholders acknowledged operation results of Bangkok Airways in 2017, the year in which many developments were made. New routes were operated from Bangkok to Phu Quoc Island in Vientnam and from Samui to Guangzhou and Chongqing in China to support the increasing number of Chinese visitors. More frequencies were added to popular routes such as Bangkok – Danang (from 4 to 7 weekly flights), Bangkok – Mandalay (from 4 to 7 weekly flights) and Chiang Mai – Mae Hong Son (from 10 to 14 weekly flights).

Furthermore, in line with the Company fleet expansion plan, four aircraft were added to the fleet, making a total of 38 aircraft at the end of 2017 comprising 14 Airbus A319, 9 Airbus A320, 6 ATR72-500 and 9 ATR72-600.

Bangkok Airways has successfully established code-share agreements with 23 airlines to increase total passengers on its route network. The three most recent partners were Xiemen Airlines, Vietnam Airlines and Hong Kong Airlines.

Awards presented to the Company in 2017

• World’s Best Regional Airline and the Best Regional Airline in Asia from SKYTRAX World Airline Award 2017
• Boutique Airline Award for the Best Full Service Carrier in Asia Pacific from Air Transport Award 2017
• Annual Best Travel Brand in 2017 by Smart Travel Asia. This achievement includes winning in three award categories namely Top Ten Airline Overall – Worldwide, Top Five Best in Cabin Service – Worldwide, and Top Ten Airport
• Best Regional Airline in 2017 by the 28th TTG Travel Awards

2. Distribution of Dividend

The Company Separated Financial Statement 2017 shows net profit of 802,716,835.- Baht, therefore Annual General Meeting of Shareholders resolved to approve payment of dividend from 2017 operating results to shareholders at rate of 0.30 Baht per share, a total of 630,000,000.- Baht, or 78% of net profit in Separated Financial Statement after deduction of legal reserve and in compliance with the Company policy on Payment of Dividend.

3. Election of Board of Directors

At Annual General Meeting of Shareholders 2018, the following four Directors were retired by rotation.

1. Mr. Prasert Prasarttong-Osoth Vice Chairman
2. Gen. Vichit Yathip Independent Director and Audit Committee
3. Mrs. Narumol Noi-Am Director
4. Mr. Somboon Kitiyansub Independent Director

The Annual General Meeting of Shareholders 2018 resolved to re-appoint the four Directors retired by rotation for another term of office.

At Annual General Meeting of Shareholders 2018,523 shareholders were present at the meeting in person and by proxy representing 1,736,345,436 shares

Further information is available at http://www.bangkokair.com/ir