Nok Air, a Thai low-cost carrier, is preparing to raise $221 million in new capital as part of its recovery strategy aimed at exiting its rehabilitation plan within the next three years. The capital increase will serve multiple operational and strategic needs, including purchasing engines, repairing existing aircraft, leasing new aircraft, enhancing passenger services, and funding working capital.
Thailand is reportedly weighing a significant aircraft procurement deal with the United States to replace approximately 100 existing aircraft as part of a broader national fleet renewal initiative. The potential acquisition, still under evaluation, is expected to be discussed during upcoming trade negotiations with the US, set to take place within the next two weeks.
Bangkok Airways has announced a significant share repurchase initiative as part of its strategy to optimize capital allocation and reward its investors. The airline plans to repurchase 64 million shares valued at approximately $31 million, aiming to return excess liquidity to shareholders amid a stabilizing operating environment.
Asia Aviation, the parent company of Thai low-cost carrier Thai AirAsia, has released its financial results for the first quarter of 2025, revealing a net profit of $41.7 million. This positive outcome was achieved despite a 4% year-over-year drop in revenue, which totaled $397 million. The airline’s financial position remains solid, with cash and cash equivalents amounting to $43.1…
Bangkok Airways has reported a solid financial performance for the first quarter of 2025, posting a net profit of US$50 million. This comes even as total revenue for the period showed a slight decline of 1.4%, settling at $171.3 million. The results reflect the carrier’s resilience and strategic cost management amid a competitive Southeast Asian aviation landscape.
Thai Airways International has officially completed the restructuring of Thai Smile Airways, its wholly owned regional subsidiary. As a result, the group will move forward with the dissolution of Thai Smile, integrating operations as part of a broader strategy to streamline its business and improve cost efficiency.
Thai Airways International has signed a Memorandum of Understanding (MOU) with the Kansas Modification Center to establish a joint venture dedicated to converting B777-300ER passenger aircraft into cargo freighters. This strategic collaboration aims to capitalize on the growing demand for cargo capacity amid a continuing global shift in air freight logistics.
China Aircraft Leasing Group (CALC) has finalized a lease agreement with Thai Airways International to provide nine Airbus A321neo aircraft. The aircraft will be delivered in phased installments between 2026 and 2028, supporting Thai Airways’ narrowbody fleet renewal and capacity expansion.
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.
