THAI aims to sign JV on U-Tapao MRO project in August 2020
Thai Airways International (THAI) is expected to sign a joint investment contract with a private company to develop the Maintenance, Repair and Overhaul (MRO) service facilities at U-Tapao Airport in August next year.
The MRO centre is expected to be operational in April 2023, THAI president Sumeth Damrongchaitham said.
THAI owns the project development.
On December 9, a committee tasked with selecting a private company finished revising the details of the criteria for selecting companies to join the project.
THAI has already sent invitation letters to interested companies to join with it in the project development. They can submit the proposals to join the project on March 6, 2020.
After the submission of the proposals, THAI will enter into the negotiations with them to select the investment partner. It expects the talks to conclude next May.
After that it will submit the draft contract of the joint investment with the selected company to be examined by the Office of the Attorney-General. The office is expected to approve the draft next June.
After that it will submit the result to the Eastern Economic Corridor Policy Committee and the Cabinet. The latter is expected to give nod next August.
