Announcement

Collapse
No announcement yet.

Thai Airways needs 100bn for upgrade, says chairman

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Thai Airways needs 100bn for upgrade, says chairman

    https://www.bangkokpost.com/business...-says-chairman

    Thai Airways International has to pay hefty bills to rejoin the ranks of the world's premium airlines. THAI chairman Ekniti Nitithanprapas on Thursday estimated at least 100 billion baht was needed for the transformation and said the money could come from loans. His assessment came the same day the flag carrier presented its turnaround plan to the government, with the ultimate goal of becoming a premium airline. THAI needs to dump old planes and buy 23 new aircraft if it hopes to be among the best. Mr Ekniti cited the ageing fleet as a problem keeping the airline in the red due to high maintenance costs.

    The carrier has 89 planes, the THAI website says. The fleet's average age is 9.3 years, compared with 7.6 of Singapore Airlines, one of its rivals, according to the www.airfleets.net. The two airlines used to run neck and neck as the best airline in the world until THAI became indebted and lost its competitiveness. Growing competition from Middle Eastern carriers has exacerbated the situation Singapore Airlines was voted the best airline this year by Skytrax while Thailand's main carrier stayed at 10th. However, THAI was named the best economy class airline, beating Singapore Airlines, which came second in the category.

    THAI reported a net loss of 381.6 million baht in the first half of this year compared to a net loss of 2 billion in the same period last year. In 2017, it reported a net loss of 2 billion baht, compared to a net profit of 15 million in the previous year. Finance Minister Apisak Tantivorawong said the Finance Ministry, which controls the majority stake, stood ready to support an aircraft purchasing plan to improve its performance and service. THAI shares shed 0.74% to 13.40 baht on Thursday compared to a 0.13% gain of the Stock Exchange of Thailand.

  • #2
    Mr Ekniti cited the ageing fleet as a problem keeping the airline in the red due to high maintenance costs.

    the thousands of thai officials who use the airline as their own free private transport service probably dont help either.

    Comment


    • #3
      And they no longer fly to Los Estados Unidos either...
      God, the panic within the Dems, MSM, and left must be horrifying...realizing that Joe is really the best they've got.

      Comment

      Valentina Jewels gets pounded like a btich dog ?????? ??????? ????????? ???????? ???? diferentes tipos de bajinas
      antalya escort bayan
      Working...
      X