Triple i Takes Another Step Forward, Investing in Establishing Its Own Cargo Airline to Reinforce Its Leadership in Regional Logistics
Triple i Logistics Public Company Limited (III), Thailand’s leading integrated regional logistics provider, announced a major strategic move by investing in the establishment of its own cargo airline. The initiative aims to meet the growing demand for efficient air freight services, enhance competitiveness, and expand business opportunities, with operations expected to commence in 2026.
Mr. Tipp Dalal, Chief Executive Officer of Triple i Logistics, revealed that this significant investment stems from the company’s long-standing expertise and diversified services in air freight, along with continuous studies of market trends and customer demands. Recognizing the opportunity to elevate its operations and better respond to customer needs, the company has planned and initiated the establishment of its own cargo airline to further expand business potential and strengthen competitiveness.
This development aligns with the company’s Logistics & Beyond strategy and the Synergy 360° framework, which focuses on leveraging internal strengths, integrating ecosystem partners, and enhancing overall business efficiency to achieve sustainable growth.
To drive this initiative, Triple i announced an investment in its wholly-owned subsidiary, Cross Border Carrier Co., Ltd. (CBC), by increasing its registered capital from THB 3 million to THB 200 million (fully paid-up). The capital will be used for cargo airline operations, with plans to apply for an Air Operator Certificate and target the launch of services in 2026.
Triple i Logistics Public Company Limited announced its Q2/2025 performance, recording revenue of THB 642.6 million and a net profit of THB 73.5 million. The company anticipates positive factors in the second half of the year as business enters the high season, and continues to advance its “Synergy 360°” plan to enhance capabilities and drive sustainable growth.
Triple i Logistics Public Company Limited (“III”), a leading integrated regional logistics service provider in Thailand, announced its Q2/2025 operating results, reporting total revenue of THB 642.6 million, up 19.4% year-on-year (YoY), driven by growth in its core businesses, particularly in air freight and chemical logistics. However, net profit stood at THB 73.5 million, a slowdown due to lower share of profits from invested companies.
For the first half of 2025, the Company recorded total revenue of THB 1,174 million and net profit of THB 182.1 million. Looking ahead, III expects positive momentum in the second half of the year from the peak season in the air freight business, and will move forward with its Synergy 360° plan to generate new revenue streams and drive long-term growth.
Mr. Tipp Dalal, Chief Executive Officer of Triple i Logistics Public Company Limited (“III”), a leading regional logistics service provider, stated that in Q2/2025 the Company achieved revenue from sales and services of THB 642.6 million, representing a 19.4% YoY increase, supported by growth across all core business segments—especially air freight and chemical & hazardous goods logistics—benefiting from internal synergy and accelerated exports ahead of the implementation of new trade tariff rates.
Net profit for the quarter was THB 73.5 million, down 27.4% YoY, primarily due to lower share of profits from invested companies ANI and AOTGA, following a slowdown in the tourism sector and reduced flight frequencies. For the first six months of 2025 (January–June), total sales and service revenue amounted to THB 1,174 million, with net profit of THB 182.1 million, also declining YoY.
The outlook for the second half of 2025 is expected to be stronger than the first half, supported by key business segments. In air freight, the Company offers a full range of services that are well-positioned to capture opportunities arising from reduced market concerns following the announcement of a 19% import tariff on Thai goods to the United States—effective August 1—which is anticipated to stimulate Thailand’s economy in the latter half of the year. The air freight and tourism industries will also benefit from the high season.
To support this growth, III has prepared comprehensive services, including Multimodal Warehouse facilities at Suvarnabhumi Airport; collaboration with AOTGA to launch the Airport Truck Link connecting the three main airports (Suvarnabhumi, Don Mueang, and Phuket), with services already extended to Malaysia and plans to expand to other ASEAN countries; and a partnership with ANI to develop a cargo airline to serve high-demand, high-margin routes, with clearer developments expected within this year.
In addition, III is expanding its Transit Hub network to the Middle East and Eastern Europe to strengthen Thailand’s position as the region’s Aviation Hub. The chemical & hazardous goods logistics segment and the logistics management business are also expected to grow.
Mr. Tipp further emphasized that the Company is accelerating the implementation of the Synergy 360° plan, integrating the capabilities and ecosystem within the group and with strategic partners to enhance operational efficiency under the principles of revenue growth, opportunity expansion, and cost management—aiming for sustainable growth.
The Company has expanded its cooperation with SJWD to manage costs for general cargo warehousing and customs clearance services, enhancing both service capacity and cost efficiency.
For AOTGA, in which III has invested through SAL Group (Thailand), the high season in air freight and tourism is expected to deliver substantial benefits in the second half of the year. AOTGA also stands a strong chance of being selected as the third ground handling service provider at Suvarnabhumi Airport, with results expected in August.
Meanwhile, ANI is showing positive growth momentum, having expanded with new branch offices in Norway and Japan, which will begin generating revenue and contribute to performance in the second half of the year.
