You are here:      Home Thai Travel News George Holland THAI reconsiders jet buys

Bangkok Travel Agent Latest News

Get the latest interesting news and things from Thailand.

THAI reconsiders jet buys

Posted by on in Thailand
  • Font size: Larger Smaller
  • Hits: 582
  • Subscribe to this entry
  • Print

Thai Airways International is reviewing its plan to acquire 38 new aircraft after it lost more than 10 billion baht last year, says chairman Amphon Kittiamphon.

The board of the national carrier instructed management to conduct a careful review and proceed cautiously with the plan to add 38 more jets. Any decisions must be in line with the company’s financial status after last year’s loss, Mr Amphon said.

He said the acquisition plan must take into account all factors affecting the company last year, for example, rising fuel prices, natural disasters and flooding.

However, the consideration of the plan would not affect THAI's overall operation. The company would not reduce its fleet size and would act in line with earlier cabinet resolutions supporting fleet expansion.  

"The board has approved in principle that new aircraft should be acquired by means of short-term leasing because it will not affect [the airline's] financial situation," Mr Amphon said.   

THAI reported a net loss for 2011 of 10.2 billion baht, compared with a net profit of 14.7 billion in 2010, even though its revenues last year rose 5% to 194.3 billion baht.

The company attributed the reversal to a number of factors including more costly fuel, the Japanese earthquake and tsunami which severely curtailed travel, and the year-end flooding that further hurt travel and tourism to Thailand.

The cabinet last year approved a Transport Ministry proposal for THAI to purchase or lease 75 aircraft over a 12-year period with a total budget of 457.12 billion baht, in order to replace some of the THAI's ageing, inefficient planes.

The new fleet would be acquired in two batches -- 37 planes in the first phase between now and 2017 with a budget of 210.6 billion baht, plus spare engines worth 5.47 billion, and then 38 planes between 2018 and 2022 for 229 billion baht, plus spare engines worth 11.98 billion.

The acquisitions of the first batch of planes have been completed and deliveries will begin this year.

Rate this blog entry:


  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Friday, 18 April 2014

Why book with us?

  • Guaranteed Satisfaction.
  • Exceptional Customer Service.
  • Genuinely Price Conscious.
  • Flexible Booking Options.

Viewtrip. Check your Itinerary.

Weather in  Bangkok Thailand

Current Forecast
Fri, 18 Apr 2014 9:30 am ICT
Mostly Cloudy
High: 35°C
Low: 27°C
Sunrise  6:01 am
Sunset 6:30 pm
Wind: 16.09 kmh
Humidity: 62 %
 19 Apr 2014
Partly Cloudy
35°C / 28°C
 20 Apr 2014
Partly Cloudy
35°C / 27°C
 21 Apr 2014
Partly Cloudy
35°C / 28°C
 22 Apr 2014
Partly Cloudy
36°C / 28°C
 23 Apr 2014
Partly Cloudy
36°C / 28°C
 24 Apr 2014
Partly Cloudy
37°C / 28°C
 25 Apr 2014
Partly Cloudy
36°C / 28°C
 26 Apr 2014
Scattered Thunderstorms
36°C / 27°C
 27 Apr 2014
34°C / 27°C

Invoice Payment

Your full name :
Amount :