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Thai Airways to return to profitability next month.
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Jan 21, 2016 | 11:19 am
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brunos
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Originally Posted by
transpac
Thai Airways to delay taking delivery of 14 planes to cut costs
* To delay taking delivery of 12 Airbus 350s, 2 Boeing 787s
* Plans to sell 19 offices at home and abroad, 14 planes (Adds comments on asset sale plan)
Jan 20 Thai Airways International Pcl plans to postpone taking delivery of 14 planes for three years to reduce operating costs as the national airline restructures, it said on Wednesday.
The 14 planes include 12 Airbus 350s, of which two that were due to be delivered this year, and two Boeing 787s, President Charumporn Jotikasthira told a news conference.
"We will negotiate with aircraft makers to postpone the delivery due from 2016 to 2018," he said.
http://www.reuters.com/article/thai-...-idUSL3N1543XA
Thai Airways to sell property in March
http://www.bangkokpost.com/news/tran...perty-in-march
http://ethailand.com/business-news/t...sell-off/1433/
http://bangkok.coconuts.co/2016/01/2...s-and-property
Nothing comes as a surprise from TG, but this is not good news.
Nor would I be surprised if they announce in a couple of weeks that they have shelved their plan to delay receiving 2 A350 in 2016.
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