21st Jan 2016
Several Thai Airways International offices and residences will be put to sale later this year as a part of the company's cost-saving plan, the airline's President Charamporn Jotikasthira revealed after the board meeting held on Wednesday.
The Thailand-based carrier is looking to offload domestic offices in Phuket, Mae Hong Son, Udon Thani, Trang, Nan, Surat Thani, Phitsanulok, as well as two in Songkhla district in Hat Yai.
The airline will also sell offices in Sydney, Madrid, Penang, Hong Kong and Rome, as well as residences in Singapore (both of which are going on sale), Jakarta and Copenhagen.
Earlier in 2015, Thailand's flag carrier shut down offices in Madrid, Moscow, Johannesburg and Los Angeles.
According to Mr. Charamporn, THAI expects to earn 1 billion baht minimum via selling these offices and staff residences and also save some money on maintenance and overseas expenses.
The sales plan will officially be revealed later in 2016, in March.
In addition, since THAI is planning to concentrate on the fleet it has at the moment, the carrier is looking to sit down with Boeing and Airbus to negotiate putting of plans to hand over a total of 14 aircraft. This includes 12 Airbus A-350s and two Boeing 787s. THAI is to receive to jets in 2016, another seven in 2017 and the last five in 2018.
Thai Airways already got rid of 13 aircraft from its fleet.
Right now, Thai Airways International is under the close and watchful eye of the SEPC (State Enterprises Policy Commission), with the task of improving operations and performance and allowing THAI to better compete with other carriers.
Regarding this, Mr. Charamporn said:
'The SEPC has a policy which does not allow Thai Airways to add more financial burden with new aircraft which have been procured. This we will negotiate with the manufacturers, but we cannot say what the result will be right now.'
The national carrier, its president pointed out, was flying with a positive outlook and carried more customers. In addition, THAI also improved its cabin factor in 2015.
Last year, THAI carried around 18.4 million passengers. This was up 3.77 per cent from 17.7 million in the year prior. The cabin factor went up 4.4 per cent in 2015 and was 73.3 per cent, compared to 68.9 per cent in 2014.