Thai Airways (THAI) has found a buyer for five dusty Airbus A340s which have gone unused for 13 years. Thailand’s flag carrier has sold one A340-500 and four A340-600 planes for a total of 350 million baht.
The transaction is sure to help THAI on its road to financial recovery since the Bankruptcy Court approved a debt restructuring plan for the airline in 2020.
The buyer, whose identity remains disclosed, has already signed the paperwork finalising the deal, according to Chief Technical Officer of Thai Airways Cherdphan Chotikhun. The transaction will go through once it is approved by Thailand’s Minister of Transport, said Cherdphan.
Since Thai Airways entered its debt rehabilitation programme two years ago, the airline has sold 16 decomissioned planes. Before the most recent sale one A340-500 and four A340-600s, THAI sold one Boeing 737-400, and ten Boeing…
