> renamed | ^ merged in | => merged to form airline | +> or + assets taken | < divided |
Air Siam was formed as Varan Air-Siam on 15Sep1965 by Prince Varan (Thai Royal Family), but it did not start operations until 1969 with a Douglas DC-4 as Air Siam. Overcapacity caused the financial loss in Sep1976 the operations could not be sustained and the government effectively drove them to bankruptcy, and they shut down in Sep1976
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