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Thai Airways to acquire 15 Airbus

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.

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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.

Corporate

The environmental case for remote working

Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.

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During the pandemic, the environmental and societal benefits of working at home quickly became apparent. How can businesses protect these benefits in the future?

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Investment

Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI

The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.

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The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.

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