THAILANDSICThailand Standard Industrial Classification

TSIC Activity

51201

Scheduled freight air transport

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What this activity covers

Companies provide scheduled air transport services for freight and cargo, including air mail.

  • Scheduled air freight — Transporting freight on regular routes
  • Air mail transport — Transporting mail via air
  • Containerized cargo transport — Transporting cargo in containers
  • Freight services — Other related freight transport services

Foreign ownership

List 2: Restricted, Cabinet routeinherited from 51

Domestic transportation by land, water or air, including the domestic airline business

Domestic transportation only. International carriage falls outside this item, and sector laws impose their own foreign shareholding caps.

FBA B.E. 2542, List 2, Chapter 1 (2)Routes: Cabinet permission, US Treaty of Amity

Auto-mapped, verify against the Act. These TSIC mappings are indicative, not legal advice; the schedules of the Foreign Business Act B.E. 2542 are the authority. See the full foreign ownership reference.

Industry at a glance

as of 23 ก.ค. 69

The whole registered industry under this activity, every registration year, from the DBD DataWarehouse.

91
active companies operate here
฿3.8Bregistered capital, combined
฿58.5B
Sector revenue · 2025
-28% since 2023
฿2.9B
Net profit · 2025
46 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
0%of new registered capital is foreign-held
฿0 foreign฿3.0M Thai

Based on few new registrations this year — read as a rough signal only.

3 of the 5 largest companies here are foreign-owned Thailand subsidiaries.

New in 2026

2+100.0%

registrations, YTD

Registered capital

฿3.8B-13.0%

since year-end

Largest by registered capital

  1. 1Bangkok Airways Public Company LimitedBangkok฿2.1B
  2. 2K-Mile Air Co., Ltd.Samut Prakan฿450.0M
  3. 3Thai Express Air Co., Ltd.Bangkok฿200.0M

Source: Department of Business Development DataWarehouse. Financial figures are combined totals of companies that filed statements; revenue and profit shown for the latest three reporting years.

Companies registered since 2022

Browse all

New DBD registrations under this activity since 2022, the period the registry snapshot covers, not the full historical register.

14
Registered
since 2022
13
Still active
1
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 6 in 20242026

Largest active companies by registered capital

Source: Department of Business Development (DBD) new-registration records, 2022 to present. Counts cover companies first registered in that window, reflect the latest snapshot load, and may lag the live register.

Emerhub

Restricted activity? There is usually a route.

Emerhub structures foreign-owned companies around FBA restrictions: Foreign Business Licence applications, BOI promotion, and compliant shareholding structures. Talk through your case before you commit to one.

Talk to Emerhub Thailand