Thai Airways confirms mega aircraft deal with Boeing

[webfact]

Thai Airways International made headlines by sealing a monumental deal with Boeing, announcing an order for at least 45 aircraft.

 

The airline confirmed on Wednesday, February 13, that the order, which includes options for additional jets, will see the new aircraft joining its fleet between 2027 and 2033. This strategic investment comes at a crucial time for Boeing, offering a much-needed boost following a recent accident on an Alaska Airlines flight that left the company under intense scrutiny.

 

In a statement, Thai Airways emphasised the importance of this long-term acquisition plan, stating it is vital for replacing ageing aircraft gradually. The airline’s financial stability and projected liquidity are deemed sufficient to support the procurement within the specified timeframe, reassuring stakeholders that ongoing debt repayment plans remain unaffected.

 

Despite facing challenges, including the impact of the Covid-19 pandemic, Thai Airways has shown signs of recovery, reporting a fourth consecutive quarterly profit in November. With the tourism sector bouncing back, the company aims to exit its rehabilitation plan this year, buoyed by the prospect of a revitalised fleet.

The significance of this aircraft acquisition extends beyond mere expansion, as it underscores Thai Airways’ commitment to enhancing operational efficiency and financial flexibility. By bolstering its fleet, the airline anticipates capturing a substantial share of air traffic, poised to generate staggering annual revenues in line with its rehabilitation goals.

 

by Puntid Tantivangphaisal

Top Photo courtesy of Bangkok Post

 

Full story: The Thaiger 2024-02-15

 

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[flyingtlger]

Hope the doors don't fly off....

[ukrules]

20 minutes ago, webfact said:

This strategic investment comes at a crucial time for Boeing, offering a much-needed boost following a recent accident on an Alaska Airlines flight that left the company under intense scrutiny.

Indeed, they are under massive scrutiny for bery good reasons. The Alaska incident is just the tip of the iceberg here.

They have some serious problems at that company. I don't know how such a company can go from producing a solid and sound product for decades to planes literally falling apart because some idiot didn't tighten the bolts correctly - which they also found on many other planes based on what I read.

[hotchilli]

2 hours ago, webfact said:

The airline confirmed on Wednesday, February 13, that the order, which includes options for additional jets, will see the new aircraft joining its fleet between 2027 and 2033.

Keep your fingers crossed on that.

[gargamon]

Them 737 max's are cheap these days. Good time to buy. 555

[hotchilli]

2 hours ago, ukrules said:

They have some serious problems at that company. I don't know how such a company can go from producing a solid and sound product for decades to planes literally falling apart because some idiot didn't tighten the bolts correctly - which they also found on many other planes based on what I read.

The issues started when the "money men" [accountants] started to run the company and make serious changes.

Life-long quality engineers left or retired to be replaced by cheaper untrained labour.

Quality of the staff took a serious dip and that became apparent in the build quality.

The other issue were the inspection procedures which were drastically cut to save money and time, plus the cosy relationship between Boeing and the FAA... allowing Boeing to self-regulate and pass off aircraft as fit to fly.

[NoDisplayName]

2 hours ago, ukrules said:

planes literally falling apart because some idiot didn't tighten the bolts correctly -

 

Bolts?  Bolts!  We don' need no steeenkin' bolts!

 

Quote

4 bolts missing from Alaska Airlines door plug before blow-out: NTSB report

 

Four bolts designed to prevent the door plug from falling off the Boeing 737 Max 9 plane were missing before the plug blew off during an Alaska Airlines flight last month, the National Transportation Safety Board said in a preliminary report of the incident released on Tuesday.

 

https://abcnews.go.com/US/alaska-airlines-door-plug-ntsb-report/story?id=106992184

 

I'm sure their ground staff will be able to maintain those Boings impeccably!

 

 

Transport Minister Suriya Jungroongreangkit issued a warning to Thai Airways International (THAI) following a series of complaints about subpar ground services at Suvarnabhumi International Airport.

 

https://thethaiger.com/news/national/thai-airways-turbulence-at-suvarnabhumi-transport-minister-threatens-contract-termination

[dundas]

I've stopped flying Thai anyway – their airfares are very high and their frequent flyer scheme has become miserable), so it probably won't affect me.  But I agree with the comments above. Boeing is the same as any other business which gets over-run by accountants. Ultimately the cost cutting destroys the business. 

[ezzra]

Here's the thing with Thai, that is more than 50% owned by the government, (the Thai people) if they go tits up like last

time, they will be bailed out by the government, so by all means, order billions of baht in new planes, and hope for the best...

[findlay13]

11 minutes ago, ezzra said:

Here's the thing with Thai, that is more than 50% owned by the government, (the Thai people) if they go tits up like last

time, they will be bailed out by the government, so by all means, order billions of baht in new planes, and hope for the best...

Yeah I phoned the Melbourne office after they closed the Brisbane office while they were "restructuring"  and mentioned the Bankrupt word. "Thai is NOT bankrupt ! " the girl told me.Why have they kept my 2.5k for three years then I asked?They lost me over the refund that took me more than three years to get back . Still no Brisbane flights and high prices.I used them all the time before the "restructure"LOL

[RobU]

Boeing!!! The most dangerous civilian aircraft. Badly built sloppy quality control. The only reason to buy Boeing is because they are cheaper than Airbus. Certainly not safe. I will try my best not to fly Thai Airways in future

[fondue zoo]

2 hours ago, gargamon said:

Them 737 max's are cheap these days. Good time to buy. 555

 

There is an open top version available now too

[Grusa]

I see two coffin nails. One  more for Boeing, one more for TG.

[mrfill]

3 hours ago, gargamon said:

Them 737 max's are cheap these days. Good time to buy. 555

Is that why they bought 45 787 Dreamliners?

[huangnon]

5 hours ago, ukrules said:

Indeed, they are under massive scrutiny for bery good reasons. The Alaska incident is just the tip of the iceberg here.

They have some serious problems at that company. I don't know how such a company can go from producing a solid and sound product for decades to planes literally falling apart because some idiot didn't tighten the bolts correctly - which they also found on many other planes based on what I read.

 

Mandating workforce "diversity" over actual talent and ability might also be a concern.

 

https://boeing.mediaroom.com/2022-04-18-Boeing-CEO-Message-on-Equity,-Diversity-Inclusion-Report

[john donson]

you think the pm bought some boeing stock before the announcement?

[Dcheech]

9 hours ago, huangnon said:

Mandating workforce "diversity" over actual talent and ability might also be a concern.

 

 

During Boeings twenty-five year, race to the bottom, “workplace diversity” has never, ever, been mentioned, until  three weeks ago. Elon Musk and Donald Trump, noted aviation industry experts, came out with half baked statements, & no backing. I did not expect anyone to take these fake news makers and noted liars seriously. As usual I underestimate just how how hooked on political trolling & feuding people are these days.

As for Boeing, twenty five years of "JackWelching" the company has brought it to this. It will soon be part of the US Socialist Aviation industry. Funded by taxpayers for military hardware as they cannot sell to private business. Like Lockheed, Northrup Grumman & General Dynamics.
 

 

[RobU]

19 hours ago, ukrules said:

Indeed, they are under massive scrutiny for bery good reasons. The Alaska incident is just the tip of the iceberg here.

They have some serious problems at that company. I don't know how such a company can go from producing a solid and sound product for decades to planes literally falling apart because some idiot didn't tighten the bolts correctly - which they also found on many other planes based on what I read.

I wonder which person(s). Boeing bribed in the Thai government 

 I'll lay bets no senior government member will ever fly on a Boeing 

[Dcheech]

10 hours ago, RobU said:

I wonder which person(s). Boeing bribed in the Thai government 

 I'll lay bets no senior government member will ever fly on a Boeing 

 

Thai Airways and or the Thai government have a long standing, close working relationship with Boeing (and airbus for that matter), that is why you never hear anything about the 2001 737 bombing which killed one flight attendant and wounded 7 others. It got 'officially' and superficially blamed on Boeing. Boeing had to say nothing, as did Airbus, or no more airline purchases. 

At this point Boeing needs to sell more than airbus. Likely a very good price.
 

[RobU]

5 minutes ago, Dcheech said:

 

Thai Airways and or the Thai government have a long standing, close working relationship with Boeing (and airbus for that matter), that is why you never here anything about the 2001 737 bombing which killed one flight attendant and wounded 7 others. It got 'officially' and superficially blamed on Boeing. Boeing had to say nothing, as did Airbus, or no more airline purchases. 

At this point Boeing needs to sell more than airbus. Likely a very good price.

Thanks for the information, very interesting