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Friday, March 29, 2024

Thai Airways has sold 11 of its old aircraft, 26 to go

Thai Airways has managed to sell the first 11 aircraft out of a total of 37 it has put up for sale as part of its bankruptcy recovery program. The airline’s acting president, Chansin Treenuchagron, ay Thailand’s transport minister has permitted Thai Airways to sell 1 older Boeing 737-400 plane and 10 Boeing 747-400 ‘Jumbo’ jets.

Thai Airways had found buyers for the 11 furloughed aircraft but Thailand’s Civil Air Operating Licence required authorisation from the minister in charge.

Transport Minister Saksayam Chidchob has now permitted to dispose of the 11 aircraft.

Meanwhile, the national airline has been trying to recover since its filing for bankruptcy in May 2020 by reducing expenses, reforming the organisation, reducing staff and senior management, and selling unnecessary secondary assets, including some of its older fleet.

The airline also sold land, buildings, and…

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