Thai Airways International (THAI) will lose about Bt3 billion in revenues in Q4 due to the flood crisis, THAI President Piyasvasti Amranand said Tuesday.
Surveying the airline’s damage at flood-hit Don Mueang Airport, he said the number of tourists from South Korea, Japan and China dropped 40 to 50 per cent owing to travel advisories to Thailand from their countries, resulting in a drop in cabin load factors in November to 61 per cent from 72 per cent year-on-year.
Floodwaters surrounding the capital’s second airport have receded and the area has become dry again.
Two Thai Airways International (THAI) Airbus A300-600 aircraft were previously parked outside a hangar and water covered their wheels. Workers had covered the wheelbases with plastic, said THAI’s Heavy Maintenance Department director Wuttichai Saguanmoo.
According to Mr Piyasvasti, the more than a month-long flood crisis has damaged the airline’s aircraft repair buildings, equipment, and administration buildings. Insurance was carried with two companies, with initial insurance coverage at Bt300 million per building.
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.
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.
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.(more…)
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