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.
Thai AirAsia has initiated the issuance and offering of High-Risk Secured and Callable Debentures, with backing from a corporate guarantor. The offering totals US$58.5 million, with a 5.5% annual coupon rate and a tenor of 2.5 years. This financial instrument is designed to attract yield-seeking investors while supporting Thai AirAsia’s ongoing liquidity and operational funding needs.
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.
Nok Air, a low-cost carrier based in Thailand, was officially delisted from the Thai Stock Exchange on January 9, 2025, marking the end of its 11-year presence as a publicly traded company. The delisting is part of the airline’s ongoing efforts to navigate through a challenging rehabilitation process.
Thai AirAsia X, the long-haul affiliate of the AirAsia Group, has announced the suspension of its Bangkok Don Mueang (DMK) to Sydney (SYD) service. This change will take effect on February 18, 2025, marking a strategic adjustment in the airline’s network.
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.
Vietnam Airlines has announced the resumption of its Da Nang to Bangkok Suvarnabhumi route, starting March 30, 2025. The route will be served by the airline’s Airbus A321 fleet, providing travelers with a seamless connection between these two vibrant Southeast Asian cities.
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.
