Thai Airways International has signed a Letter of Intent (LOI) with Airbus to retrofit its fleet of A350 aircraft, beginning in 2028, with state-of-the-art cabin upgrades. The agreement marks a key milestone in Thai Airways’ ongoing fleet modernization and passenger experience enhancement strategy.
Thai Airways International has reaffirmed its commitment to fleet expansion as a core element of its strategic growth plan, confirming that its order for 45 Boeing 787 aircraft remains active, with deliveries set to begin from mid-2027. In addition to this substantial widebody order, the airline also announced intentions to procure an additional 35 aircraft, contingent on evolving market conditions and demand recovery.
The Stock Exchange of Thailand (SET) has announced that Thai Airways International securities will resume trading from March 12, 2025, marking a significant step in the airline’s financial recovery. As part of the trading resumption process, THAI will be granted a two-year period for continued market participation until March 7, 2027.
Thai Airways International is preparing for a major international expansion as it nears the completion of its debt restructuring process in late 2025. Debt administrator Piyasvasti Amranand has outlined plans for network growth, positioning the airline for stronger global competition.
Two former executives of Thai Airways International, Phrit Bupphakham and Poonsak Chumchuai, have been found guilty by corruption regulators for their involvement in the illegal approval of landing fees. The misconduct resulted in total damages of US$2 million to the airline.
Thai Airways International has successfully completed the issuance of 5.1 billion additional common shares, a significant step in its business rehabilitation plan and capital restructuring efforts. This move aims to fortify the airline’s financial stability as it continues its recovery from financial challenges and positions itself for long-term sustainability.
Thai Airways is facing further delays in its ongoing business rehabilitation process as creditors who sought to revoke the resolution to amend the rehabilitation plan encountered a setback. The Central Bankruptcy Court has postponed their hearing to 21 January 2025, granting creditors additional time to prepare the necessary documentation.
Thai Airways International has undergone a significant shareholding restructure as part of a debt-to-equity conversion, altering the composition of its major shareholders. This move is a key element of Thai Airways’ broader restructuring plan aimed at improving its financial stability and positioning the airline for long-term recovery.
Thai Airways International is taking significant steps to simplify and modernize its fleet, focusing on operating three widebody aircraft types and a single narrowbody family in the medium term. This strategy reflects the airline’s efforts to enhance efficiency, reduce operational complexity, and align with its growth objectives.
Thai Airways International is on track to exit its rehabilitation plan by mid-February 2025, marking a significant milestone in the airline’s recovery journey. The carrier, which has made strides in improving its financial situation, is also expected to resume trading on the stock exchange by May 2025.
