Connect with us

Thailand

Cash-strapped Thai Airways plans to buy 20 to 30 aircraft in 2025

Caitlin Ashworth

Published

 on 

UPDATE: The acting president for Thai Airways says the company does not plan to buy more airplanes in 2025 and if flight demand goes up, the company will consider renting first. A source told Nation Thailand that the airline plans to buy more planes when the aviation industry recovers, but acting president Chansin Treenuchagron says that is just a “rumour.”

Read the update HERE.

Original story…

Cash-strapped Thai Airways International plans to buy 20 to even 30 aircraft by 2025, when the airline industry is expected to recover from the Covid-19 crisis. Thai Airways is currently coming up with a rehabilitation plan to recover from its roughly 300 billion baht debt and recently put 35 of its passenger planes up for sale. The 30 new airplanes could cost the company up to 100 billion baht.

Thai Airways will need to submit its plans for the purchase of new aircraft along with its business rehabilitation plan to the Central Bankruptcy Court on March 2. The new aircraft purchases are intended to strengthen the airline’s fleet and replace the sold and decommissioned planes. A source told Nation Thailand that the airline industry is expected to recover by 2025.

A major factor for the airline’s financial problems was the decision back in 2003 and 2004 to buy 10 Airbus A340-500 and A340-600 jets. Due to higher costs for maintenance and fuel, the A340 flights led to significant losses. All but 1 of them have been decommissioned and stored at the U-Tapao airport.

Last November, Thai Airways put 34 used passenger planes on the market in order to survive the financial crisis. Aircraft up for sale include Boeing 747 and Airbus A380 double decker jets.

SOURCE: Nation Thailand

 

Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram

image

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

17 Comments

17 Comments

  1. Avatar

    Toby Andrews

    Sunday, February 21, 2021 at 4:20 pm

    I recommend anyone who sell Thai Airways an aircraft demands cash on delivery.
    No checks. No money transfers.
    This airline will not even refund a one way ticket to Germany, that did not fly, so they certainly will not pay for an aircraft if they can swindle their way out of paying.

    • Avatar

      Slugger

      Sunday, February 21, 2021 at 5:50 pm

      Yes, every airline in the world pays cash for it’s aircraft. Cretin.

      • Avatar

        Yan

        Sunday, February 21, 2021 at 8:08 pm

        Except Thai…they only buy on credit…look at Thai households, it is all on credit.

      • Avatar

        Shane

        Sunday, February 21, 2021 at 8:26 pm

        It’s “its”. Cretin.

        • Avatar

          Toby Andrews

          Sunday, February 21, 2021 at 11:45 pm

          Yes despite all his other ignorance slugger cannot spell as well. A one line idiot.

    • Avatar

      Stefan Svensson

      Sunday, February 21, 2021 at 6:43 pm

      It’s part of Thai DNA!

      • Avatar

        corwin

        Sunday, February 21, 2021 at 10:56 pm

        All aircraft are on credit not only Thai airways

  2. Avatar

    Me

    Sunday, February 21, 2021 at 4:31 pm

    If you paid for the ticket by credit card get your bank to chase up the credit card people to ask for a chargeback on the money owed. it will likely be a quicker process than waiting for Thai airways.
    I have had two refunds PAID via VISA for flights and currently have another chargeback via Mastercard under dispute with a different bank to the visa card bank.

  3. Avatar

    Paul

    Sunday, February 21, 2021 at 4:42 pm

    Heard and read Thai Airways acted through deeply corrupted managements and even tricked from technical staffs unions for many years, hence terrible number staff ratios against the profitable international competition like double the numbers required per planes in activity. Better be sold out before further losses for many years again. At least 40 or 50% of staff could be saved, a new good quality company would be available in Thailand And part debts paid.good luck for Thailand.

  4. Avatar

    Ian

    Sunday, February 21, 2021 at 4:52 pm

    Is this the same airline that was bankrupt a week ago another disaster in the making

  5. Avatar

    Wayno

    Sunday, February 21, 2021 at 4:55 pm

    “A major factor for the airline’s financial problems was
    the……” Greed and dishonesty of the Thai people from the ground up.

  6. Avatar

    Grumpy John

    Sunday, February 21, 2021 at 6:25 pm

    Leasing would be better in these uncertain times. 2025 is still a long way away and even if the magic man in heaven whisked away the virus with the snap of his fingers it will take 3 to 4 years to get back to some sort of normality.

    A lot of people have to worry about putting food on the table, paying rent or mortgage, car payments, school fees, insurance & rates. Holidays to Thailand….not on the radar!

  7. Avatar

    Shane

    Sunday, February 21, 2021 at 8:32 pm

    I believe most airlines lease their aircraft. A simple issue of cash flow. Aircraft are not cheap.

  8. Avatar

    Jim kelly

    Sunday, February 21, 2021 at 9:38 pm

    Ha ha ha ha ha ha ha ha ha ha…. I wonder if you can get bored laughing? Errr? No… HA HA HA HA HA!!!!

  9. Avatar

    EdwardV

    Sunday, February 21, 2021 at 11:31 pm

    First thing they need to do is find someone who knows how to purchase planes. Buying the A340 toward the end of its life when it was already known to be expensive to operate was stupid. It’s why they only made about 380 A340s vs over 1,600 Boeing triple 7s. To then dump a bunch of money buying A380s? That was even dumber. They need to seriously rethink their business plan and purchase accordingly.

  10. Avatar

    albert zweistein

    Monday, February 22, 2021 at 1:24 am

    Lord forgive them, They don’t know what they are talking about.

  11. Avatar

    Toby Andrews

    Monday, February 22, 2021 at 2:29 pm

    I read above that Thai Airlines was buying aircraft.
    I believed that.
    Forgive me if this is not what airlines do. I have never bought an aircraft.
    Still it makes sense. Who is going to lease an aircraft to Thai Airways?
    They might sell it in south America.

Leave a Reply

Your email address will not be published. Required fields are marked *

Caitlin Ashworth is a writer from the United States who has lived in Thailand since 2018. She graduated from the University of South Florida St. Petersburg with a bachelor’s degree in journalism and media studies in 2016. She was a reporter for the Daily Hampshire Gazette In Massachusetts. She also interned at the Richmond Times-Dispatch in Virginia and Sarasota Herald-Tribune in Florida.

Follow Thaiger by email:

Coronavirus (Covid-19)35 mins ago

Chulalongkorn University progressing on domestic mRNA vaccine

Koh Samui5 hours ago

Black Club Covid-19 outbreak on Koh Samui widens

Thailand6 hours ago

Possible earthquake in Nonthaburi this morning

Sponsored9 hours ago

Experience Phuket’s Islands with 5 Star Marine

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Best of6 hours ago

Chiang Mai’s 8 most indulgent spa hotels

Coronavirus (Covid-19)6 hours ago

Bangkok Bang Sue scam under investigation, 7 volunteers and counting to be questioned

Thailand7 hours ago

Thailand News Today | ‘Crowding’ due to camera angles, train hospitals | July 29

image
Join the conversation on the Thaiger Talk forums today!
Thailand7 hours ago

Spray guns ineffective and dangerous, says TFDA

Drugs8 hours ago

Methamphetamine pills hidden in instant noodle packets delivered for Covid patient

Coronavirus (Covid-19)8 hours ago

Anonymous “Dr Sandy” says pray the Covid situation gets better

Coronavirus (Covid-19)9 hours ago

Thursday Covid Update: Record high of 17,669 new cases; provincial totals

Phuket9 hours ago

Phuket governor eyes construction camps for stricter Covid measures

Best of11 hours ago

Top 5 spas in Chiang Mai

Coronavirus (Covid-19)11 hours ago

Health Minister says Bang Sue not crowded, blames “camera angles”

Cambodia12 hours ago

Cambodia plans lockdown with 8 provinces that border Thailand

Bangkok12 hours ago

Sleeper trains in Bangkok to become isolation facilities for Covid-19 patients

Thailand5 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism5 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket5 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism5 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand5 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism5 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand6 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand6 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand6 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand7 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand7 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand7 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand7 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand7 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand7 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Trending