File photo for reference only

 

Thai Airways International (THAI) is aiming for a significant expansion, with plans to double its fleet to 150 aircraft by 2033. This ambitious move comes as the airline's shares resume trading on the Stock Exchange of Thailand (SET) following a successful five-year business rehabilitation and debt restructuring.

 

Back in 2020, the national carrier embarked on a bankruptcy-protected restructuring due to the pandemic's impact. Since 2021, THAI has been on a transformational journey, overhauling its fleet and organisation in line with a comprehensive rehabilitation plan. As part of its capital restructuring completed by December 2024, THAI boosted its paid-up capital to a massive 283 billion THB before reducing it in early 2025 to cover past losses.

 

By March 2025, THAI's paid-up capital was 36.7 billion THB, while its total liabilities amounted to 242.3 billion THB. The Stock Exchange of Thailand (SET) reported an impressive 51.7 billion THB in revenue for the first quarter, resulting in a net profit of 9.83 billion THB. When shares began trading, they opened at 10.50 THB, a staggering 134.4% rise from the capital increase offering price of 4.48 THB, shooting the market capitalisation to nearly 300 billion THB.

 

"This milestone marks a new chapter, following our successful rehabilitation," stated chief executive Chai Eamsiri. THAI is now strategically positioned for stable and sustainable growth, focusing on delivering value to shareholders and stakeholders alike.

 

Plans are in place to increase the fleet from 78 aircraft in early 2025 to 93 by next year, with the goal of reaching 150 by 2033. This plan will include 98 wide-body and 52 narrow-body aircraft. The transformation aims to solidify THAI's position among global competitors, according to chairman Lavaron Sangsnit, who is also the Ministry of Finance’s permanent secretary.

 

Despite the promising outlook for THAI, the Stock Exchange of Thailand (SET) has decided to continue suspending trading for THAI futures. The extended suspension hinders price volatility assessments and affects trading liquidity. Consequently, THAI securities have not been slated for short selling, as per the bourse's statement, reported the Bangkok Post.

 

Financial analyst Boonyakorn Amornsank from Maybank Securities (Thailand) notes significant improvements in THAI’s capital structure post-restructuring. With an unrestricted budget, investments in aircraft are on the horizon. However, Maybank forecasts a 7% decline in THAI’s annual earnings from 2025 to 2027, aligned with industry trends and increased aircraft supply.

 

“We expect THAI’s decline to be slower, thanks to premium services and moderate competition on its direct European routes,” he explained. The airline is likely to maintain higher fleet utilisation rates due to increased flight connectivity at Bangkok airports. Additionally, alliances with codeshare partners, like Turkish Airlines, are boosting THAI's strategic growth.

 

As THAI navigates this new era with a promising path to expansion, the global airline scene will be keeping a keen eye on its progress.

 

  Adapted by ASEAN Now from Bangkok Post 2025-08-05

 

TAT must have told them the Numbers will triple next year.

7 hours ago, BarraMarra said:

TAT must have told them the Numbers will triple next year.

Blind leading the blind

 

 

 

I wonder what they have done with all their A380s?

We have been told Numbers are worryingly down, hotel bookings down, and a general run down in Tourism. So why are Thai Airways even thinking of expanding? They have just recovered from going bust completly, a Nations airline nearly going bust, its either a bold move with growth in the pipeline or a quick return back into Debt.

9 hours ago, webfact said:

Thai Airways International (THAI) is aiming for a significant expansion, with plans to double its fleet to 150 aircraft by 2033. This ambitious move comes as the airline's shares resume trading on the Stock Exchange of Thailand (SET) following a successful five-year business rehabilitation and debt restructuring.

Government Bail-out

1 hour ago, Will B Good said:

 

 

 

I wonder what they have done with all their A380s?

I think they are still parked up at Suvarnabhumi.  I doubt they have had any maintenance so will have to parted there somewhere.  

 

Probably still on the books as an asset so cannot be done yet without writing it down to scrap value.

So, after ruining TG and parking perfectly functioning fleet aircraft all over Thailand it is - after all - shopping time again. 

7/11 for everybody, unlike the original 7/11 there is no cashier nor bill checker on the way out 😉 Happy days for the selected few! 

I wouldn't invest one penny in this catastrophic wrong corrupt neopotic structure

Says it all about Thai Management. How can a Countrys National carried go to the edge. Embarrasing. Maybe they should have a word with Viet jets boss and ask him why are your planes full and we have to Ground our Domestic Airplanes because we couldn't fill them.

11 minutes ago, BarraMarra said:

Says it all about Thai Management. How can a Countrys National carried go to the edge. Embarrasing. Maybe they should have a word with Viet jets boss and ask him why are your planes full and we have to Ground our Domestic Airplanes because we couldn't fill them.

 

 

Have a look here before blowing your trumpet

 

https://en.wikipedia.org/wiki/List_of_defunct_airlines

11 hours ago, BarraMarra said:

TAT must have told them the Numbers will triple next year.

Probably but we all know TAT has a game in that you throw a dice and think of a number. If the other players get near to the number you double your thought. If they are way off you make it 10 times what you originally thought.

We are talking about Thai Airways Callum not other carriers. Thai Smile was a subsiadiary of Thai Airways it was ended when Thai airways let it go and rebranded there aircraft into Thai livery.

13 hours ago, Mises said:

I think they are still parked up at Suvarnabhumi.  I doubt they have had any maintenance so will have to parted there somewhere.  

 

Probably still on the books as an asset so cannot be done yet without writing it down to scrap value.

Been parked there for ages along with various other aircraft. The A340s took forever and a day to shift, not sure if they have all gone yet. 

 

Many airlines returned their A380s to service post-C19. Far better aircraft to fly in long distance than the crappy 777-300 which can't fly high enough and is noisy. Singapore Airlines making good use of theirs. 4 engine jet economics aren't as favourable but they have other positives so not sure why they don't work for TG, plus they are hardly renowned for tight cost control in any case 😄

 

TG could have looked at selling to others like Emirates, who are still heavy users and lobbied for an A380neo. Perhaps they have been parked so long they are only good for parts now, so waiting for that write-down. Probably should have gone to the desert rather than sitting in the BKK pollution for years on end.