THAI aims to sign JV on U-Tapao MRO project in August 2020

[webfact]

THAI aims to sign JV on U-Tapao MRO project in August 2020

By THE NATION

 

 

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.

 

Source: https://www.nationthailand.com/business/30379860

 

-- © Copyright The Nation Thailand 2019-12-27

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[legend49]

So confident arent they. For years they have struggled to stay EASA compliant now they want to be a MRO. Who is the lucky country/company that is signing the MRO, Mali, Niger??

[Sydebolle]

Does anyone else smell a rat here? 

THAI is the country's national carrier, loaded and overloaded with debts which would have resulted in bankruptcy in the private industry decades ago. They should be flying passengers and cargo and not run airports of parts thereof to avoid a conflict of interest with other carriers operating into the same aerodrome. 

AOT (Airports Authority of Thailand) is the country's airport operator. 

U-Tapao Airport was built by the Americans during their involvement in the 2nd Indochina war and was a "gift" to the Royal Thai Air Force" after the Americans lost the war.

Seems to be yet another pristine example of "separation of power", putting their noses into things which dont concern them and ultimately nobody is in charge again - in case things go wrong (and they usually do)! 

What also helps is the company structure of Thai Airways, the President (normally on a musical chair) is "assisted" by not less than 30+ Vice-Presidents - go figure: 
 

[Redline]

11 hours ago, Sydebolle said:

Does anyone else smell a rat here? 

THAI is the country's national carrier, loaded and overloaded with debts which would have resulted in bankruptcy in the private industry decades ago. They should be flying passengers and cargo and not run airports of parts thereof to avoid a conflict of interest with other carriers operating into the same aerodrome. 

AOT (Airports Authority of Thailand) is the country's airport operator. 

U-Tapao Airport was built by the Americans during their involvement in the 2nd Indochina war and was a "gift" to the Royal Thai Air Force" after the Americans lost the war.

Seems to be yet another pristine example of "separation of power", putting their noses into things which dont concern them and ultimately nobody is in charge again - in case things go wrong (and they usually do)! 

What also helps is the company structure of Thai Airways, the President (normally on a musical chair) is "assisted" by not less than 30+ Vice-Presidents - go figure: 
 

And thousands of generals in the military-I think the criteria to move up in rank is to figure out a better scam than is already in motion 

[Yadon Toploy]

U-Tapao is part of the $45 billion investment in the EEC that is part of the 20 year plan enshrined in the constitution.

 

There are currently three consortiums leading the bids for this. All the usual suspects involved.

 

First target is 15m passengers per year with final numbers of 60m being bandied about.

 

Ambitious.

[Srikcir]

22 hours ago, Sydebolle said:

"assisted" by not less than 30+ Vice-Presidents - go figure

That's what one gets with a majority state-owned enterprise that has deep pockets through the Thai taxpayer's Treasury?

[NE1]

Where is the last one on the board . " Private Scapegoat "

[Srikcir]

On 12/27/2019 at 4:22 AM, webfact said:

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

The audacity!

Majority state-owned THAI has little or no investment capital available after years of losses and more recently a government order to purchase even more aircraft after the airline executives decided to lease the new aircraft.

The airline relies on frequent capital infusion from the government to simply sustain its survival. So any "joint investment contract" likely means a third party is really being pursued to make the necessary capital investment as practically none would be coming from THAI. I expect that such capital partner will either be a foreign state-owned company or a foreign state such as France. I do not expect a "stand alone" Thai company will participate in such a JV as an investor.