Thai airline shares fall after US aviation safety downgrade

[BANGKOK] Shares of Thai airline operators fell on Wednesday as the US Federal Aviation Administration (FAA) downgraded Thailand's safety ratings.

The downgrade means Thai airlines are prevented from launching or expanding services to the United States, either directly or as code-share partners.

Shares of Asia Aviation Pcl dropped nearly three per cent. Shares of national carrier Thai Airways International, Nok Airlines and Bangkok Airways each lost about one per cent.

REUTERS