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What is Thai AirAsias policy if a flight is cancelled?

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What is Thai AirAsias policy if a flight is cancelled?

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In the event that a Thai AirAsia flight is cancelled, Thai AirAsia will either transfer you to the next available Thai AirAsia flight without any additional charges and extend the validity of your booking where necessary, or retain the value of the fare you paid in a credit account with Thai AirAsia for future travel, provided that you must re-book within three months of the original flight date should you choose to travel on another time.

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