Thai Air Cargo

Thai Air Cargo was established in December 2004 as a joint venture between a Thai logistics firm, Commercial Transport International, or CTI Holdings (51%) and Australian airline Qantas (49%).

Thai Air Cargo was to initially target markets in Japan, China, India and Europe.^{[citation needed]}

In 2005, the company announced it was to wet lease a McDonnell Douglas MD-11 from US-based World Airways.^[1]

Beginning operations at a time when Thailand's national flag carrier Thai Airways International was focused more on its passenger business, Thai Air Cargo filled a niche and appeared to be doing good business, with 95% load factors.^[2]

However, in March 2006, Thailand's Civil Aviation Department said it was withdrawing the cargo carrier's license, and it appears the airline has gone out of business.^[3]

• Putzger, Ian (March 2005). "Tigers' cargo purr", Air Cargo World. (Retrieved 8 March 2006).

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