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Thai airline shares take off after country clears aviation safety hurdle

Published Mon, Oct 9, 2017 · 09:50 PM
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Bangkok

THE UN International Civil Aviation Organization (ICAO) has removed a red flag against Thailand over safety concerns, the Civil Aviation Authority of Thailand (CAAT) said on Monday, sending shares in Thai airlines sharply higher.

Thailand was downgraded in June 2015 after its regulator missed a deadline to resolve significant safety concerns, meaning that airlines in Thailand were unable to add further international routes, though they could continue to operate routine flights.

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