THAI plans to buy almost 30 planes to replace older jets
THAI plans to modernise its fleet by replacing almost 30 older aircraft over the next 5 years, adding to the climbing demand for planes in Asia. The airline is seeking new generation aircraft offering greater comfort and fuel efficiency, and is talking with both Airbus and Boeing, chairman Areepong Bhoocha-Oom said. "The portfolio of our airline will have new aircraft almost 100%," Areepong said. It’s the right step for THAI partly because fuel costs could be volatile in future even though they are low currently, he said. THAI is trying to turn around performance after posting losses in 3 of the past 4 years. The company’s shares have suffered a long-term decline, sliding about 70% from a high in 1999. THAI presently has a 100-strong fleet and will seek Cabinet approval for the plane replacement plan by the end of July. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-06-26/star/thai-plans-to-buy-almost-30-planes-to-replace-older-jets
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THAI plans to buy almost 30 planes to replace older jets
THAI plans to modernise its fleet by replacing almost 30 older aircraft over the next 5 years, adding to the climbing demand for planes in Asia. The airline is seeking new generation aircraft offering greater comfort and fuel efficiency, and is talking with both Airbus and Boeing, chairman Areepong Bhoocha-Oom said. "The portfolio of our airline will have new aircraft almost 100%," Areepong said. It’s the right step for THAI partly because fuel costs could be volatile in future even though they are low currently, he said. THAI is trying to turn around performance after posting losses in 3 of the past 4 years. The company’s shares have suffered a long-term decline, sliding about 70% from a high in 1999. THAI presently has a 100-strong fleet and will seek Cabinet approval for the plane replacement plan by the end of July. <br/>
