the uncertainty of world economy reveals an impact on decreasing number of tourists (Source: Tourism Authority of Thailand). 3 ASIA’S BOUTIQUE AIRLINE For the second quarter of year 2019, the Company

introduce several variables intended to control for the firm’s specific characteristics and other macroeconomic shocks and uncertainty. ❑ Following prior literature on political risk and firm value, we

-600s at the Singapore Airshow. Deliveries of these 4 additional aircrafts will be in October 2018 to March 2019. Currently, the Company operates a fleet of 15 ATR72 aircraft; 6 ATR72-500s and 9 ATR72

Airshow. Deliveries of these 4 additional aircrafts will be in October 2018 to March 2019. Currently, the Company operates a fleet of 15 ATR72 aircraft; 6 ATR72-500s and 9 ATR72-600s. 3. In February 2018

period of 2019 was 0.06 baht. 4 ASIA’S BOUTIQUE AIRLINE Notable Events Notable Events in the third quarter of 2019 Airline Business 1. As of 30 September 2019, the Company had 40 aircraft as shown in table

Mai (one way) 7 flights per week (May 2019) Chiang Mai-Hanoi 7 flights per week (October 2019) 2. As of 31st December 2019, the Company has 40 aircraft as shown in table below; Fleet Type As of 31st

Company has 39 aircraft consists of; Fleet Type As of 30 September 2018 As of 30 September 2017 Airbus A 320 9 9 Airbus A 319 15 14 ATR 72-500 6 6 ATR 72-600 9 9 Total 39 38 One Additional Airbus A 319 with

screening general health conditions of the passengers, intensify hygienic measures of the aircraft. Set up an assistance center assist staff whom may require emergency assistance; In-flight announcements

flights per week (October 2018) 2. As of 31st December 2018, the Company has 40 aircraft as shown in table below; Fleet Type As of 31st December 2018 As of 31st December 2017 Airbus A320 9 9 Airbus A319 15

flights per week (March 2019) 2. As of 31 March 2019, the Company had 41 aircraft as shown in table below; Fleet Type As of 31 March 2019 As of 31 March 2018 Airbus A320 9 9 Airbus A319 16 14 ATR 72-500 4 6