Saudi prince?

I remembered this article for 1 1/2 years ago...but it fell through in typical Thai fashion. I've seen a 69 million baht home in my neighborhood remain unsold for five years, even though there have been offers of 65 million.

Still not enough sh*t to sell to cover 262 BILLION baht in debt!



Some THAI directors worried Saudi prince's offer for Airbus too low

VIPAPORN JITSOMBOON
THE NATION September 17, 2013 1:00 am

THAI AIRWAYS International's board of directors is split over the sale of an Airbus A340-500 to a Saudi prince, as some have expressed concern that the offer is only about a third of the aircraft's book value.

Prince Faisal Al Saud placed an order for one of four aircraft up for sale via AvCon Worldwide, offering to pay US$23.5 million (Bt744 million) for the plane. A $2.5-million deposit was placed. But the book value as of June was $67.07 million.

A source at THAI said the proposal was submitted for the board's consideration about two months ago. Some directors were concerned that the low price would result in the immediate loss of Bt4 billion from the sale of the four planes and could spark an investigation. Others said the sale would benefit THAI in the long term, as the planes are now parked idly at Don Mueang Airport.

http://www.nationmultimedia.com/busi...-30214982.html