14th Dec 2022
According to insiders quoted on Bloomberg, Thai Airways International Pcl is negotiating with aircraft manufacturers to purchase 20 twin-aisle passenger planes as the struggling airline looks to update its fleet amid a boom in Southeast Asian tourism.
Recent advanced talks between Thai Airways and Boeing Co. over the purchase of its 787-9 wide-body passenger planes were held, the sources said, requesting not to be named because the information is private. The government-owned airline could also be talking to Airbus SE, which is common when negotiating new purchases.
The individuals claimed that since the conversations are in flux, a conclusion may not be reached.
An enquiry for comment was not immediately answered by Thai Airways representatives. Boeing said that it never divulges the contents of customer conversations. The business doesn't "comment on discussions that we may or may not be having with our customers," an Airbus representative said.
Thailand's national airline is now implementing a $5.3 billion debt rehabilitation plan after making harsh cutbacks that resulted in the elimination of 40% of its fleet and half of its personnel. As COVID restrictions are lifted, travel in Asia has recovered more swiftly than anticipated. Thai Airways is bringing back almost half of the planes it had placed up for sale in an attempt to restart flights more quickly.
The airline wants to offer additional shares in order to raise roughly 25 billion baht ($720 million) next year as part of its attempts to strengthen its finances, according to chairman Piyasvasti Amranand's statement from last month. According to a market filing from November 25, Thai Airways has regulatory approval to increase its registered capital from 21.8 billion baht to 336.8 billion baht by selling more shares.
The availability of more recent aircraft has also been limited by the worldwide air traffic recovery after COVID. Thai Airways previously said that it expected to add a total of 10 wide-body aircraft in 2023 and an additional eight aircraft in 2024 as part of its restructuring strategy.
As it waits for newer, more efficient aircraft to be delivered, the airline is also considering temporarily bringing back part of its six Airbus A380s, the out-of-production double-decker type, in 2024.