REUTERS/Amr Abdallah Dalsh BANGKOK (Reuters) - Thai Airways International Pcl on Friday said it … Thai Airways is trying to sell its Boeing 777-300s. THAI airways to sell assets to raise more funding THAI airways is selling its Laksi training center building, in the Bangkhen district of Bangkok, its Nok-Air shares, its Bangkok Aviation Fuel Services (BAFS) shares and Boeing 737- 400 engines, after … Choose Thai Airways and enjoy up to 30kg baggage allowance and complementary meals ️ Book and fly as smooth as silk! Discover more. The flight, which had the flight numbers TG8096 (eastbound) and TG8097 (westbound), was operated by a seven year old aircraft with the registration code HS-TKQ.. The Court granted Thai Airways business reorganization petition and appointed the planners who were expected to submit the plan to the Court within the fourth quarter of 2020. Thai Airways says cuts about 240 executive positions FILE PHOTO: Workers service a Thai Airways Airbus A380-800 aircraft at Bangkok International Suvarnabhumi Airport, Thailand September 3, 2019. Thai Airways Travel Updates Qatar Airways’ Super Wi-Fi & Others with Inflight Wi-Fi 22 May 2018. instagram. THAI airways is selling its Laksi training center building, in the Bangkhen … This past weekend a Thai Airways Boeing 777-300ER operated a roundtrip flight between Bangkok and Alexandria, Louisiana. However, Thai Airways has already pushed back the deadline for submitting its rehabilitation plan for multiple times. In 2003 and 2004, Thai Airways purchased 10 Airbus A340-500 and A340-600. Most significantly, Thai Airways plans to retire its fleet of six Airbus A380s. A Thailand court on Monday approved the restructuring of Thai Airways, which is billions of dollars in debt and struggling to survive the coronavirus tourism crash. Fly to over 70 destinations across the world with THAI. Photo: Getty Images Plans to decommission, not acquisition. Thai Airways has denied any plans to add up to 30 new planes to its fleet in the next five years. This is even more alarming as these claims could have been made as early as 2013, and the staff continued to work for the airline. Thai Airways announced (02-Mar-2021) planners have submitted a rehabilitation plan to the official receiver, who will determine and inform the date of a creditors meeting. Thai Airways employees are faking their deaths in order to take advantage of funeral allowances… but then they keep working at the airline. Currently,THAI Shop … Qatar Airways' 'Super Wi-Fi' is here; it's fast and reliable and setting the standards for other airlines. Thai Airways International Public Company Limited operates its giveaway business under the brand name of THAI Shop since the year 2000. All the latest breaking news on Thai Airways. Thai Airways has not released its financial results for the quarter ended December. Thai Airways acting president Chansin Treenuchagron reported the carrier plans to reduce its workforce by 6000 employees by the end of 2021, aiming to maintain 13,000 to 15,000 employees by 2025 (Reuters, 02-Mar-2021). The airline has been trying to sell its 10 Boeing 747 passenger planes to mitigate the COVID-19 consequences. Browse Aviation24.be's complete collection of articles and commentary on Thai Airways. However, in March 2020, the flag-carrier placed all its Boeing 747s into storage, except for the HS-TGF, which was stored in Bangkok Suvarnabhumi Airport on December 31, 2020, the Flightradar24.com data shows. The Loyalty Scheme. 20 members of Thai Airways’ Savings Cooperative for Employees (and their lawyers) are urging an investigation into some members who have used fake death certificates to receive funeral allowances that the company has promised. Thai Airways International uses cookies on its website. open_in_new. The president of Thailand’s flag carrier Chasin Treenuchagron said that if the flight demand increased, the air carrier would firstly consider an aircraft rental option. Choose Thai Airways and enjoy up to 30kg baggage allowance and complementary meals ️ Book and fly as smooth as silk! Thai Airways is looking to raise as much as 50 billion baht ($1.65 billion) through equity, bank loans, and other means, while slashing its workforce by one half. Passengers can also earn points towards other airline programs in the Star Alliance network . This makes Thai Airways the third airline to be retiring its entire A380 fleet, after Air France and Lufthansa. It operated the following routing, flying eastbound on … Thai Airways retiring all six Airbus A380s. The reduction of staff … Social Networks ALL facebook. Royal Orchid Plus. Thai Airways, which has posted losses every year barring one since 2013, saw losses widen last year after the coronavirus outbreak ground most … Thai Airways now faces similar challenges with its aging aircraft and highly paid staff. Flag carrier Thai Airways International on Tuesday submitted its rehabilitation plan to the country's Legal Execution Department, a spokeswoman said. The latest move comes from Bangkok-based Thai Airways, ... Sign up for TPG’s free new biweekly Aviation newsletter for more airline-specific news! According to media reports, in July 2018, Thai Airways was looking to buy 23 new aircraft worth approximately $3 billion.Additionally, Thai Airways also had plans to modernize its fleet by purchasing 30 aircraft in 2017.. Thai Airways: Bring your own entertainment. Thai Airways’ flight to Alexandria, Louisiana. Thai Airways is in bankruptcy protection and on the verge of liquidation, as the airline will run out of cash within weeks without further funding.. The Thai government has ordered the board of Thai Airways International (TG, Bangkok Suvarnabhumi) to conduct "a further review" of its proposed rehabilitation plan and develop better solutions regarding, among others, debt restructuring, Deputy Prime Minister Supattanapong Punmeechaow told local media. Thai Airways' restructuring plan up for further review 11.02.2021 - 17:14 UTC. Thai Airways is currently restructuring, and as part of this it has been revealed that several types of aircraft will leave the fleet. Thai Airways First Class: A Touch of Royalty 13 March 2018 . If I was a creditor to Thai Airways I would be increasingly worried at this point. There are allegations that at least 26 staff have faked their own death to claim significant funeral payouts from the airline. Today (2 March 2021) - Mr. Chansin Treenuchagron, Acting President, Thai Airways International Public Company Limited (THAI), revealed that the rehabilitation plan has been summited to the Official Receiver in accordance to the Central Bankruptcy Court’s order and Planner’s appointment on 14 September 2020. Searching for flights to Hanoi? Thai Airways wants to spend $3 billion. twitter. The global aviation sector was plunged into crisis by the pandemic as countries severely restricted travel, forcing airlines to ground vast numbers of planes and seek government help as they haemorrhaged cash. Last July, Reuters reported a similar purchase plan suggesting Thai Airways was looking to buy $3 billion worth of new planes to replace older aircraft. Thai Airways' Global Network. The government’s stake is now 47.86%, having sold 69.2 million shares to a mutual fund run by Krung Thai Bank in May. [BANGKOK] Thai Airways International on Friday said it had cut around 240 executive positions at the airline as part of its bankruptcy restructuring process. An embarrassing case of fraud has arisen at Thai Airways recently. However, it would not be the first time Thai Airways suggested a similar aircraft purchase plan. Thai is slated to retire all of its Airbus A380s and A330s, as well as its Boeing 747s, leaving the carrier with more modern, fuel-efficient jets such as the Airbus A350 and Boeing 787. Class. Thai Airways debt was quoted at 350 billion baht a year ago, with another 140 billion on top from losses incurred this year. Thai Airways suffered a record loss of $4.66 billion in FY 2020, its financial performance results showed. line. Thai Airways denied planning to purchase 30 aircraft by the end of 2025. During the pandemic we’ve seen several airlines expedite their retirement of the Boeing 747, including British Airways, Qantas, and Virgin Atlantic.At this point Thai Airways has one of the largest 747 passenger fleets in the world, and prior to the pandemic Thai Airways was planning to retire 747s by … By continuing to browse this site, you agree to its use. THAI airways has been hit hard by limited travel due to the COVID-19 pandemic, which comes as they were entered bankruptcy protection and sit on the verge of liquidation. Thai Airways makes some inroads in sorting its problems. THAI Shop products are well received by customers; and due to demands and popularity, a wide range of products have been added to the product catalog. Experience the Thai Airways tranquility in your semi-private suite, equipped with a fully horizontal bed. The face loss here must be immense, and the show continues to try and pretend that the issues are minor and the airline is salvageable. The airline has just listed well over two dozen planes on sale, including 10 Boeing 747s and 12 Boeing 777s.Well, the airline will now shortly be acquiring three new 777s, even though most of its fleet is grounded. The Thai Government had to sell down its majority stake to qualify for bankruptcy protection under Thai law. Thai Airways operated nine Boeing 747-400s before the COVID-19 broke out, according to Planespotters.net data. To … Search Flights to 80+ Destinations | Enjoy Up to 30 kg Baggage Allowance, Complimentary Meals and Inflight Entertainment ️ Fly as Smooth as Silk with Thai Airways Thai Airways Boeing 777 | Photo: Nick Sheeder/Airways Looking ahead for TG. youtube. Treenuchagron said during a briefing at Bangkok: “Thai Airways had challenges due to heavy competition from low budget airlines, open sky policies, and the global pandemic” According to its financial results, TG experienced a severe record loss of US$4.05bn in 2020. The end of Thai Airways’ 747 fleet? Just a few days ago, the Internet was abuzz with rumours that Thai Airways could be looking to buy as many as 20 to 30 aircraft by 2025. According to Thai Airways acting president Usanee Sangsingkeo, the order would be for 13 widebody and 10 narrowbody jets. The first THAI Shop is located at THAI's Head Office on Vibhavadi Rangsit Road.
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