T2 TCG Parent company CTI Holdings | TCG THAI CARGO Founded 2004 | |
Thai Air Cargo (T2 Cargo), was a cargo airline based in Bangkok, Thailand.
History
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.
In 2005, the company announced it was to wet lease a McDonnell Douglas MD-11 from US-based World Airways.
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.
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.