| |||||||
| Founded | 2004 | ||||||
|---|---|---|---|---|---|---|---|
| Ceased operations | 2006 | ||||||
| Parent company | CTI Holdings | ||||||
Thai Air Cargo (T2 Cargo), was a cargo airline based in Bangkok, Thailand, operating from 2004 to 2006.
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]