The cabinet yesterday approved a proposal by Thai Airways International Plc to acquire 15 aircraft for 114.67 billion baht.
The acquisitions are planned for 2010 to 2014 and will include seven A330-300 aircraft under operating leases and eight 350-seat aircraft with operating leases and parts, said Supachai Jaisamuth, a government spokesman.
The planes should improve THAI’s services and raise its competitiveness.
The cabinet suggested that after THAI improved its performance this year, the company should improve its terms by altering the acquisitions to financial leases, rather than operating leases.
THAI was also advised to prepare a long-term plan for its next acquisition by conducting risk planning and drafting an emergency plan for oil price fluctuations.
The carrier needs 50 billion baht in capital for its restructuring, of which 20 billion baht would come from a capital increase and 30 billion from borrowing.
Why it pays to hire quickly
A recent report by leading research and advisory company Gartner suggests that a slow and indecisive hiring process could mean that companies are losing out on key talent.
Employers should hire new workers based on their potential
A New Framework for Corporate Activism
Cathay Pacific CEO Rupert Hogg was forced to resign after his airline (30 percent owned by Air China) was accused by Beijing of not doing enough to reign in employees who showed support for Hong Kong’s pro-democracy protests.
Thailand among top five countries for salary hikes
Thailand is among the top five economies in the world to see real salary increases and is likely to see...
Thailand Ecommerce Market: Shooting For Success
At present, the Thai ecommerce market is valued at USD 3.5 billion. According to a Google Temasek study, Thailand’s e-commerce...
Aspire Set to Become First SME Neobank in Southeast Asia with US$32.5 Million Raise
The recent financing has been led by Mass-Mutual Ventures Southeast Asia with participation from Silicon Valley’s Arc Labs and existing...