Aeronautical Radio of Thailand Ltd. (the Company) develops eService to facilitate airlines who wants to apply to be our shareholder. Airlines must attach their application documents and upload them to the system so that the Company can promptly review the qualifications and also check for its correctness. You have to send original documents to our office afterwards for proceed with further steps. The consideration process will start after we received the original documents. You can follow up the application progress and its result by logging in the eService system.
Qualifications and Procedures of the Application to become a B shareholder are as follows:
1. Qualifications
1.1 Airlines must be legally permitted to operate regularly scheduled services into and/or domestic services in Thailand as shown in their published timetables and the operations have been carried out for at least 12 consecutive months.
1.2 Having good payment history with AEROTHAI (invoices must be settled within due date) and do not have any overdue debts during their operating of regular scheduled services into and/or domestic services in Thailand as shown in their published timetables at least 12 consecutive months (counting backward from the date that airlines submit the application documents).
1.3 Not being affiliated company with other airline company with poor payment history and having a current payment problem with the Company.
1.4 Airlines must have branch office or recognized agent in Thailand. If airlines do not have branch office in Thailand, juristic person in Thailand for being their agent to act on behalf of the airlines including bills payment must be appointed. Agent must own the following qualifications;
(1) Not being affiliated company with other airline company with poor payment history and having a current payment problem with the Company.
(2) Having good payment history with AEROTHAI (invoices must be settled within due date) at least 12 consecutive months (counting backward from the date that airlines submit the application documents).
(3) Having registered capital of not less than 12 months income from Air Navigation Services of the airline (applicant). Such income estimated from airlines’ flight schedule as shown in their published timetables.
2. Documents Required
2.1 Application Letter
An application letter expressing the wish to become a B-Shareholder must be submitted with the following details:
- Regular route
- Number of flights per week
- Starting date of regular flights
- Office address for sending correspondence and invoice, name of contact person, e-mail and telephone number
2.2 A letter of permission to operate regular flights from the Civil Aviation Authority of Thailand (CAAT) for 12 consecutive months (counting backward from the date that airlines submit the application documents).
2.3 Flight schedule as published in the timetable
2.4 Copy of a business registration certificate of the airline and translate into Thai or English. All translated documents must be certified.
2.5 A Power of Attorney (authorizing the person to act on behalf of the airline) with a copy of passport or I.D. card of both the grantor and the attorney.
2.6 Airline’s list of shareholders’ names
2.7 Document express list of juristic persons which are the airline’s parent company and/or affiliated companies and the document must be signed by authorized person.
2.8 Performance Security (the Company will inform a guarantee amount to the airlines)
2.9 Document express the existing of branch office/agent in Thailand as follows:
In case of having branch office
(1) Copy of a business registration certificate of airline’s branch in Thailand
In case of appointment of agent
(1) Letter to appoint juristic person as an agent to act on behalf of the airline including bills payment and co-sign by two parties
(2) Copy of a business registration certificate of agent
(3) Agent’s list of shareholders’ names
(4) Document express list of juristic persons which are the agent’s parent company and/or affiliated companies and the document must be signed by authorized person.
(5) If agent is a foreign company, please submit other document with details of the registered capital.
3. Contact Address
The application letter and all certified documents are to be sent to:
The President
Aeronautical Radio of Thailand Ltd.
102 Soi Ngamduplee, Tung Mahamek, Sathon, Bangkok 10120, Thailand
4. Application Approval Procedures
4.1 Log in to the eService system and register, after registered click "Apply Shareholder", and attach application documents.
4.2 Original documents must be submitted to the Company by courier, post or hand deliver.
4.3 The Company will consider the application as well as supporting documents as mentioned in Items 1 and 2.
4.4 If the qualifications, supporting documents and the bank guarantee meet all setting criteria, the application will be submitted to the meeting for consideration. Normally, the meeting will be held every month.
4.5 After the application is approved, airlines will be notified of the consideration result as well as an amount of shares deposit. After that the B Shareholder Agreement will be sent to airlines for execution.
If the qualifications meet all setting criteria, airlines will have the right to become B Shareholders of the Company. The effective date will be on the beginning of next month after the application is approved by the Company.
The Company reserves the right of a processing period until the Company completed its consideration.
5. Deposit of Shares
After the application is approved, a deposit of shares will be collected prior to the execution of the B Shareholder Agreement. The deposit of shares is calculated from the number of flights operated per week. The B-Shares shall be reallocated among member airlines not exceeding the first day of August of each year. If the deposit exceeds the number of shares then a refund will be made to airlines but if the deposit is less than the number of shares, the difference will be collected from airlines.
6. Performance Security
From now on, Airlines who want to apply the B Shareholder of the Company must submit the performance security before starts the consideration process to approve the application of B Shareholder. The guarantee amount will be calculated from three months income from Air Navigation Services base on airlines’ flight schedule as shown in published timetable. The Company accepts the performance security as follows;
6.1 Cash
6.2 Letter of Guarantee issued by a commercial bank in Thailand
If the Airlines do not get approved by the Company, the performance security will return to the Airlines within 10 business days after the day of disapproval by the Company. The return of the performance security in all cases will be made without interest.
The performance security under this criteria use for submitting application request to be the B Shareholder of the Company prior to the approval and for preparation of agreement. After the Airlines is approved to be the Company’s B Shareholder and the agreement has been prepared, such performance security will be used as security for the agreement.
7. Benefit and Condition
7.1 The Rate of Air Navigation Services Charges
Member airlines will benefit from a rate of air navigation services charges at one third of the rate of non-member airlines.
7.2 Financial Responsibility
Member airlines must be responsible for Company’s financial participation that may be called for by the Company’s Board of Directors from all shareholders of the Company, the said participation and conditions thereof to be determined in all respects as if the airlines are a member of the Company.
8. Termination of B Shareholders divided into 2 cases;
8.1 The Airline send letter to the Company notifying that it no longer desires to be a B Shareholder or want to resign from a B Shareholder.
8.2 The Airline is not allocated of shares in accordance with the Company’s Articles of Association, Item 3, stipulated that “B Shares shall be re-allocated among the member airline companies on the first day of August of each year in the ratio of the international services into and/or domestic services in Thailand scheduled in the published timetables for the first seven days of the preceding June.”.
if you have queries please contact us by email to: premjit.vo@aerothai.co.th