Thai Airways put 34 used aircraft on sale to manage cost redundancy following its rehabilitation plan

National –

Thai Airways has made an online announcement of the sale of a total of 34 used passenger aircraft yesterday, November 5, for interested parties to a bidding process for sale in order to reduce and manage redundant cost during its business rehabilitation.

All aircraft on sale are still operational and are offered for sale under an ‘as is where is’ condition in which the aircraft is being sold in its current condition, whatever this condition happens to be, without insurance or warranty after the purchase.

The used aircraft for sale include 10 Boeing 747-400s manufactured between 1993-2003, six Boeing 777-200s built from 1996-1998, and six Boeing 777-300s manufactured from 1998-2000.

Others are six Airbus A340-600s built from 2005-2008, three latest A340-500s built between 2005-2007, one Airbus A300-600 built in 1993, and two Boeing 737-400s made in 1992-1993 which are considered the oldest aircraft being put on sale.

PHOTO: thaiaircrafttrading.com

According to the company’s online statement, the deadline for bidding and buying the airplanes is next Friday, November 13. All of them are expected to be delivered to buyers by the second quarter of next year.

Thai Airways recently provided further details this morning, November 6, that the sale announcement is primarily a market survey that is operated under one of the business rehabilitation plans which must have been approved by relevant stakeholders and authorized by the Bankruptcy Court.

The sale of the used passenger aircraft is, therefore, in line with Thai Airways business plans and rehabilitation guidelines for significantly reducing flight plans and for reasonable cost management. The airline said it will provide further details after the official sale has been accomplished.

The original version of this article appeared on The Pattaya News, fully owned and operated by TPN national.

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