The Phuket News Novosti Phuket Khao Phuket

Login | Create Account | Search

Thai Airways selling assets to raise cash

BANGKOK: Thai Airways International (THAI) is selling 10 properties and buildings around the country in a bid to raise funds to rehabilitate its ailing business, according to an airline source.

By Bangkok Post

Wednesday 4 August 2021, 11:30AM

Photo: Bangkok Post

Photo: Bangkok Post

The source said the carrier is looking to offload its largest batch yet of assets to boost cash flow as the company is seeking to restructure B245 billion of debt through payment extensions, interest waivers and debt-to-equity conversions.

The airline has also introduced leave-without-pay schemes and pay cuts for staff.

The 10 properties and buildings slated for sale are scattered in Bangkok and the provinces including Khon Kaen, Chiang Mai, Chiang Rai, Phuket and Phitsanulok.


Buildings to be put on the market are those that served as airline offices.

They include a 4-storey building on Silom Road, an eight-storey office building with six-floor car park building on Lan Luang Road, and a two-storey building called “Rak Khun Thao Fa” on land at Don Mueang airport.

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.


Sir Burr | 06 August 2021 - 06:41:38

.....and were these two airlines going bankrupt? That was the claim. I'm not denying there are occasional accidents caused by mechanics, but don't see ant connection with the airline's financial status.
Also, any evidence that Thai International are taking short-cuts? Nah....didn't think so.

Christy Sweet | 05 August 2021 - 16:46:19

That BA pilot WAS sucked out almost completely, only saved as his feet got caught in the yoke, causing the plane to dive. Cabin crew disentangled him and held onto his lower legs while he flapped about outside on top of the plane for  20 minutes. He LIVED  through it and flew again. The co pilot was commended and never flew again he was so rattled.

Christy Sweet | 05 August 2021 - 14:53:55

Failure to  grease the elevator (tail control)  jackscrew on  Alaska Air flight 261 brought that MD-83 plane down Jan 2000, killing all on board.  I've seen every episode of  Air Crash Investigation and Mayday- twice. 

Taswegian | 05 August 2021 - 11:46:24

Sir Burr, British Airways BAC One-Eleven 528FL, Flight No. BA 5390. On June 10, 1990, the aircraft suffered explosive decompression at around 17,000 feet. The left hand cockpit window blew out and the pilot would have been sucked out but for the quick thinking of an Air Steward who was present. The windscreen was fitted with bolts that were 0.026 inches too small in diameter. It happens!

Sir Burr | 05 August 2021 - 09:26:20

....and your evidence for this Christie Sweet, is what?

Christy Sweet | 04 August 2021 - 12:49:40

Anytime an airline undergoes financial woes you can be sure shortcuts in maintenance are occurring. Coupled with already lax  oversight and it's a DO NOT FLY. Slight errors in thread width on replacement screws have caused serious mishaps.  


Have a news tip-off? Click here


Phuket community
Myanmar man arrested for brutal beating, rape of Thai maid

My oh my...what a terrible ordeal for this poor woman. As far as the police...worthless sacks of $#...(Read More)

Phuket Police raid bars in Patong

Jeez, what a load of crap. Any buffoon driving by knows that alcohol is being sold...all over the is...(Read More)

Phuket Police raid bars in Patong

What a joke. Bigger bars on Bangla openly selling. I guess these ones forgot to pay...(Read More)

Phuket Police raid bars in Patong

Somebody on this forum clearly tipped them off - shame on on you Lelecueno :-)...(Read More)

Myanmar man arrested for brutal beating, rape of Thai maid

Time to retire the sexually themed term "rape" applied to women only. Sexual assault is s...(Read More)

Phuket Police raid bars in Patong

So the police who charge the bar owner a higher price for turning a blind eye on selling alcohol rai...(Read More)

New Phuket anti-COVID campaign in full swing

Jamstock and Skip - [comment edited]. If you believe that you know more than tens of thousands of qu...(Read More)

Army sets up food kitchen for Rawai sea gypsies under lockdown

Hope the Rawai gypsies are allowed from their restricted grounds to be able to go straight out by bo...(Read More)

Communicable Disease Act to be amended

Where is the Phuket Governor now to defend his official statement of 6-8 weeks ago that within 2 wee...(Read More)

New Phuket anti-COVID campaign in full swing

Skip is right. Deaths have gone up since the vaccine rollout in Phuket, and this is just the start. ...(Read More)