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Airbus plans 20 billion baht ($577 million) repair site in U-tapao airport

Airbus expects the number of aircraft operating in the Asia-Pacific region to more than double in two decades, reaching at least 15,000.

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Airbus looks to open an aircraft maintenance yard in eastern Thailand, hoping to capture rising demand as low-cost carriers sharply increase the number of planes flying in Asia.

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The European aircraft builder is conducting a feasibility study with state-owned Thai Airways International to set up the yard at the U-tapao airport, located in an economic development zone in eastern Thailand.

A maintenance, repair and overhaul — or MRO — facility would handle inspections involving disassembly as well.

The airport, close to tourist destination Pattaya and the coastal industrial hub, is scheduled for expansion as a third flight hub serving the Bangkok metropolitan area.

 News reports say investment in the MRO yard could reach 20 billion baht ($577 million). Construction is to start as early as January 2018, with the opening targeted for 2021. Airbus expects the number of aircraft operating in the Asia-Pacific region to more than double in two decades, reaching at least 15,000.

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Thailand Approves Latest Economic Relief Package for Businesses

Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time frame.

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On March 23, 2021, Thailand’s government approved its latest economic relief package, valued at 350 billion baht (US$11.2 billion), to support businesses in the country.

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Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)

The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.

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The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country’s biotech sector.

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Asia-Pacific sees 3.9% growth in deal activity in February 2021

Boris Sullivan

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Chair’s Statement on the Informal ASEAN Ministerial Meeting (IAMM)

The Asia-Pacific (APAC) region saw a 3.9% month-on-month growth in deal activity (mergers & acquisitions, private equity and venture financing deals) from 1,126 deals to 1,170 deals in February 2021, according to GlobalData, a leading data and analytics company.

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