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Thai Airways To Sell Old Aircraft To Raise Revenue
18th Jun 2015
Thai Airways will sell two dozen, old-model aircraft and highlight aircraft maintenance activities as a means to generate much needed funds.
Early this year, it has already sold 18 of its older aircraft but plans are underway to dispose another batch of old aircraft, particularly Boeing 737s, 747s, and Airbus A340s between 2015 and 2016.
If said plan is implemented as scheduled, the total aircraft sold for the two-year period would have reached 42. Disposing old aircraft is in line with the flag carrier's recovery efforts.
Aside from assets disposal, Thai Airways will also concentrate on boosting aircraft maintenance activities to further raise funds. Apart from doing maintenance work for its own fleet, it also maintains aircraft owned and used by Nok Air and THAI Smile.
According to Thai Airways, the relaunch of the Don Mueang International Airport has somewhat boosted the airline business.
The airline is also resorting to rightsizing in line with its recovery efforts. Employees may soon avail of an early retirement programme to be offered by management.
A budget of more than Bt5 billion shall be allocated for this purpose.
Meanwhile, the airline's top official announced that the number of passengers who have availed of its flight services from January to May this year was 20 per cent higher compared with 2014 figures. These passengers are mostly from China.
Due to the looming high season, the airline remains hopeful that it will reach its targeted 70 per cent load factor.
Meanwhile, despite South Korea's latest crises involving Middle East respiratory syndrome (MERs) the airline continues to conduct flights to and from the country but strictly implements measures to ward off possible repercussions in the future.
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