webfact Posted September 29, 2021 Share Posted September 29, 2021 By Panithan Onthaworn Thailand’s national flag carrier Thai Airways International (THAI) said this week that it was planning to sell 42 aircraft by the end of the year as part of its business rehabilitation plan. Insiders at the company told Thai Enquirer that the measures were just the beginning of difficult cost-cutting measures for the airline’s remaining staff. THAI had already cut some 4,250 staff members in April this year as part of cost-cutting measures imposed by its rehabilitation board. This was in addition to the roughly ten thousand jobs it had cut since the beginning of the pandemic. Full story: https://www.thaienquirer.com/33308/thai-airways-sell-off-just-the-beginning-of-difficult-cost-cutting-measures-tickets-go-back-on-sale/ -- © Copyright Thai Enquirer 2021-09-29 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates 2 Link to comment Share on other sites More sharing options...
Popular Post bkk6060 Posted September 29, 2021 Popular Post Share Posted September 29, 2021 Hope they figure it out, but I would be very hesitant to book this airline for future flights. 4 Link to comment Share on other sites More sharing options...
Popular Post JoePai Posted September 29, 2021 Popular Post Share Posted September 29, 2021 sell 42 aircraft by the end of the year Impossible, the idiots 10 2 1 Link to comment Share on other sites More sharing options...
Popular Post bobandyson Posted September 29, 2021 Popular Post Share Posted September 29, 2021 What!!!! They couldn't sell enough puff pastries? It seemed such a good idea at the time. ???? 6 Link to comment Share on other sites More sharing options...
Popular Post GinBoy2 Posted September 29, 2021 Popular Post Share Posted September 29, 2021 (edited) 15 minutes ago, JoePai said: sell 42 aircraft by the end of the year Impossible, the idiots Well TG has form here. Even in the best of times they could never offload surplus aircraft since they always overpriced them in the resale market. So here we are with the market overflowing with surplus widebodies (remember TG is a 100% widebody fleet) and not a doubt in my mind pie in the sky aspirations about what these aircraft are worth in today's market. Expect to see them all rotting away with the A340-500's for the next decade Edited September 29, 2021 by GinBoy2 10 Link to comment Share on other sites More sharing options...
Popular Post JonnyF Posted September 29, 2021 Popular Post Share Posted September 29, 2021 Not sure I'd trust this company with my hard earned cash. Have they refunded all the previously paid for tickets that were cancelled yet? Do they have sufficient funds to refund any future cancellations caused by future waves of the virus? Am I going to lose my seat to the daughter of some General on the board who decides to fly at the last minute? I think I'll be choosing other airlines until they've sorted themselves out. 6 Link to comment Share on other sites More sharing options...
Popular Post MRToMRT Posted September 29, 2021 Popular Post Share Posted September 29, 2021 (edited) I can't see me ever going back to them unless they can offer better than the rest at cheaper than the rest which is obviously never going to happen. I quite enjoy my leg stretch in the Middle East these days. Edited September 29, 2021 by MRToMRT 5 1 Link to comment Share on other sites More sharing options...
Popular Post Heng Posted September 29, 2021 Popular Post Share Posted September 29, 2021 TG debt to equity is something like 22-23x. Compare to the most indebted US airline (flip flops between United and Delta) at around 2x. It's a shame as they should be a total cash cow because of where they are based. 3 Link to comment Share on other sites More sharing options...
Popular Post steven100 Posted September 29, 2021 Popular Post Share Posted September 29, 2021 (edited) 1 hour ago, webfact said: planning to sell 42 aircraft by the end of the year so they have 3 months to sell 42 widebody aircraft ....... they might as well start parking them up in the junkyard. here is their asset list : *not sure if it's current They deserve everything that's coming to them, especially the management. They couldn't run a BBQ ...... imo Edited September 29, 2021 by steven100 4 1 1 Link to comment Share on other sites More sharing options...
lesmac Posted September 29, 2021 Share Posted September 29, 2021 who to heck is going to buy aircraft just now, more likely the are being reposed 1 Link to comment Share on other sites More sharing options...
RJRS1301 Posted September 29, 2021 Share Posted September 29, 2021 6 hours ago, webfact said: to sell 42 aircraft by the end of the year as part of its business rehabilitation plan. Please tell me with hundreds of aircraft in mothballs, awaiting either buyers of being rebuilt to be put back in service, fewer flight schedules, fewer flights across the globe, who will buy these crafts, perhaps repurpose and refit the fuselages into housing for the homeless. However whoever the buyer is, please contact me, I have a bridge for sale. 1 Link to comment Share on other sites More sharing options...
Popular Post RJRS1301 Posted September 29, 2021 Popular Post Share Posted September 29, 2021 6 hours ago, MRToMRT said: I can't see me ever going back to them unless they can offer better than the rest at cheaper than the rest which is obviously never going to happen. I quite enjoy my leg stretch in the Middle East these days. A once good airline, now defunct, the directors for many years should be pilloried by the people. 4 Link to comment Share on other sites More sharing options...
Popular Post Paul Henry Posted September 29, 2021 Popular Post Share Posted September 29, 2021 They could take the wings off and use them as submarines this would save the government a lot of money. Just paint them black and park them at naval bases. 2 5 Link to comment Share on other sites More sharing options...
Popular Post Burma Bill Posted September 29, 2021 Popular Post Share Posted September 29, 2021 7 hours ago, webfact said: planning to sell 42 aircraft by the end of the year For scrap??????? 1 2 Link to comment Share on other sites More sharing options...
RafPinto Posted September 29, 2021 Share Posted September 29, 2021 What are they selling? Aren't they leasing this airplanes? They have massive debts and nobody will buy any airplanes from Thai Airways as they have nothing to sell. Link to comment Share on other sites More sharing options...
Popular Post RafPinto Posted September 29, 2021 Popular Post Share Posted September 29, 2021 Isn't Ferrari Joe looking for investment opportunities? A few aircrafts on his driveway would make him look good again. 1 3 Link to comment Share on other sites More sharing options...
Popular Post DaveCW Posted September 29, 2021 Popular Post Share Posted September 29, 2021 1 hour ago, Burma Bill said: For scrap??????? Is that picture photoshopped?.... lol 3 Link to comment Share on other sites More sharing options...
Colabamumbai Posted September 29, 2021 Share Posted September 29, 2021 3 hours ago, lesmac said: who to heck is going to buy aircraft just now, more likely the are being reposed The Taliban. 1 Link to comment Share on other sites More sharing options...
Popular Post zzaa09 Posted September 29, 2021 Popular Post Share Posted September 29, 2021 They should just call it a day and be done with it. For years, corrupted and inept business practices have shed light on where they should be. 3 Link to comment Share on other sites More sharing options...
Sydebolle Posted September 29, 2021 Share Posted September 29, 2021 I just want the money back which I paid to them more than a year ago. I - for one - will never ever set foot on any of their aircraft! 2 Link to comment Share on other sites More sharing options...
Karma80 Posted September 29, 2021 Share Posted September 29, 2021 The entire fleet has been parked in Thai airports with no maintenance for over a year. There is a reason that other airlines put them in the desert. Now a bankrupt airline is gonna start flying again after ripping off thousands of consumers. It's not as if they did a good job before covid. I'll pass thanks and just book SQ. 1 Link to comment Share on other sites More sharing options...
steven100 Posted September 29, 2021 Share Posted September 29, 2021 who the hell will ever buy a TG ticket knowing their history ? Link to comment Share on other sites More sharing options...
Artisi Posted September 29, 2021 Share Posted September 29, 2021 5 hours ago, Paul Henry said: They could take the wings off and use them as submarines this would save the government a lot of money. Just paint them black and park them at naval bases. Nobody would know the difference, except those that missed the lunch boxes. Link to comment Share on other sites More sharing options...
herfiehandbag Posted September 29, 2021 Share Posted September 29, 2021 How long have they been trying to flog those 9 A340s? Maybe they will come as a BOGOF deal? 1 Link to comment Share on other sites More sharing options...
Albert Zweistein Posted September 29, 2021 Share Posted September 29, 2021 They have been saying this for bloody ages, nobody wants to buy Boeing 340/350 or the 380 Airbus. Production stops anyway the end of this year. Link to comment Share on other sites More sharing options...
Soikhaonoiken Posted September 29, 2021 Share Posted September 29, 2021 Thai to sell 42 aircraft within 3 months,, well good luck with that, several Airlines are trying to shed some of there fleet due to the pandemic..... Link to comment Share on other sites More sharing options...
jacko45k Posted September 29, 2021 Share Posted September 29, 2021 20 hours ago, steven100 said: so they have 3 months to sell 42 widebody aircraft ....... they might as well start parking them up in the junkyard. Possibly look to China.... who are holding back on ordering new from Boeing in some tit-for-tat idiocy. 1 Link to comment Share on other sites More sharing options...
steven100 Posted September 30, 2021 Share Posted September 30, 2021 47 minutes ago, jacko45k said: Possibly look to China.... who are holding back on ordering new from Boeing in some tit-for-tat idiocy. yeah, but I believe Boeing just now got the ok for Boeing in China ( correct me if i'm wrong ) . So maybe China will buy all their 42 planes just to help them out ? it's quite possible ... Link to comment Share on other sites More sharing options...
Khun Yogi Posted September 30, 2021 Share Posted September 30, 2021 8 hours ago, Albert Zweistein said: They have been saying this for bloody ages, nobody wants to buy Boeing 340/350 or the 380 Airbus. Production stops anyway the end of this year. Those numbers relate to Airbus aircraft. Not Boeing. 1 Link to comment Share on other sites More sharing options...
RafPinto Posted September 30, 2021 Share Posted September 30, 2021 2 hours ago, steven100 said: yeah, but I believe Boeing just now got the ok for Boeing in China ( correct me if i'm wrong ) . So maybe China will buy all their 42 planes just to help them out ? it's quite possible ... Or exchange for a few unreliable, useless submarines. The Scheinese know how to do business. 1 Link to comment Share on other sites More sharing options...
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