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Thai Airways to take six months to review purchase of new planes

The Thaiger

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Thai Airways to take six months to review purchase of new planes | The Thaiger
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“The airline has also been hesitant to address its middle management glut, long-term and uncompetitive employment contracts and accusations of nepotism in senior management.”

Thai Airways says it’s going to review its planned fleet-expansion plans to buy 38 new planes. Officially, they’re saying they’re “considering funding sources” and claim the review will take six months.

Nearly two years ago they announced the upgrade to their ageing fleet. Then last October, Thai Airways announced it was considering the purchase of Airbus A350s or similar Boeing planes to upgrade its wide body fleet. Government ministries (Thai Airways is a state-owned enterprise) have sent back the original review, balking at the price tag.

“The airline’s management will also consider sources of funds so that it aligns with the company’s position and present plans to the board within six months.”

Reading through the PR gobbledegook, aviation analysts say that it’s clear the government is resisting throwing any more money at the national airline. Thai Airways reported a net loss of 6.88 billion baht in Q2, 2019. In the same quarter last year the loss was 3.1 billion baht. The Government has had to inject cash into the business for the past decade as losses accumulate.

The review of its plans to buy new planes comes as Thailand’s legacy airline faces mounting losses on weak tourism growth and intensifying competition from budget carriers. The situation is predicted to worsen over the next 12 months as the airline struggles to adjust its business model to compete with the smaller, more nimble airlines. The airline has also been hesitant to address its middle management glut, long-term and uncompetitive employment contracts and accusations of nepotism in senior management.

“The board resolved that management revise assumptions in the aircraft procurement program so that it aligns with the rapidly changing aviation industry,” the company said according to a Reuters article.

In August this year Thai executives inspected the new Airbus A220 during its tour of south east Asia – a smaller single-aisle new generation jet with a 2+3 seat configuration.

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Thailand

Week in review – the best of Thailand News Today | VIDEO

The Thaiger

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Week in review – the best of Thailand News Today | VIDEO | The Thaiger

Click to watch HERE….. https://youtu.be/O0HpP6nOSbs

Thailand News Today covers five days a week. Now we have a weekend edition which goes over the biggest, or best stories from the week. Out every Saturday afternoon, catch up with Jett and Tim’s major Thai news stories. Welcome to the Thailand News Today Weekend Edition.

Click to watch HERE….. https://youtu.be/O0HpP6nOSbs

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Drugs

Thai laws, how to stay out of jail in Thailand | VIDEO

The Thaiger

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Thai laws, how to stay out of jail in Thailand | VIDEO | The Thaiger

Thailand has plenty of laws, some of them applied more vigorously than others. Some not at all. But the ones they do apply can get you in hot water or, at worst, in a Thai jail. You DON’T want to end up there. Here’s a few of the better and lesser known Thai laws from The Thaiger. You can visit all our videos, and subscribe to our channel HERE.

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Coronavirus (Covid-19)

Health Minister volunteering to receive first Covid jab, as effectiveness rate questioned

Maya Taylor

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Health Minister volunteering to receive first Covid jab, as effectiveness rate questioned | The Thaiger
PHOTO: Wikimedia

“I’ll go first!”

Thailand’s Public Health Minister has repeated his pledge to be the first person to receive the Covid-19 vaccine, in a bid to allay people’s concerns. Questions have been raised about the Chinese-manufactured Sinovac Biotech jab after its effectiveness rating was revised downwards by researchers in Brazil.

Anutin Charnvirakul says the vaccine process will be overseen by Sophon Mekthon from the Ministry of Public Health and all safety criteria will be met. The Pattaya News reports that the minister says he has confidence in the safety of the vaccine and is willing to prove it by being the first person to get the jab. It’s not the first time he has made this suggestion but there has been no official confirmation that the Health Minister will be first in line.

Thailand has ordered 2 million doses of the vaccine, with the first 200,000 expected to arrive next month. The government has also ordered 26 million doses of a Covid-19 vaccine produced by AstraZeneca in partnership with Oxford University but is not expected to take delivery of that vaccine until the middle of the year.

SOURCE: The Pattaya News

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