THAI sells 11 planes
Thai Airways has sold 11 of its aircraft after Transport Minister Saksayam Chidchob approved the sale.
The airline’s acting president, Chansin Treenuchagron, who heads its rehabilitation plan, said Saksayam had given Thai Airways the go ahead to sell one Boeing 737-400 earlier on and recently 10 Boeing 747-400 planes.
Thai Airways had previously found buyers for the 11 aircraft but these could not be sold or transferred according to its Civil Air Operating Licence unless authorised to do so by the minister in charge.
The airline filed an application for the purpose in 2021 and Saksayam gave it the approval to sell the Boeing 737 on April 5, 2022.
The minister only recently approved sale of the 10 Boeing 747 planes because documentation was not completed earlier.
Permanent secretary for transport Chayatham Phromsorn had sent a letter to Thai airways in April asking the airline to submit more documents.
Chansin said THAI tried to recover by reducing expenses, reforming the organisation, reducing personnel, and selling unnecessary secondary assets.
The airline also sold land, buildings and stocks in Bangkok Aviation Fuel and Nok Air.
Chansin added that THAI has sold around 9 billion baht in assets to aid its recovery.