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Thai Airways board approves fleet modernisation plan


Jan 15, 2011 (The Nation – McClatchy-Tribune Information Services via COMTEX) — BANGKOK (THE NATION-THAILAND/ANN) — Thai Airways International’s board of directors yesterday endorsed a revised sixyear investment plan (2011-2017), which includes the acquisition of 37 new aircraft to replace retired planes and accommodate business expansion.

THAI last year built up a solid foundation that paves the way for us to capture growth opportunities and increase our competitive edge,” said president Piyasvasti Amranand. Much of the plan focuses on fleet modernisation.

This year THAI will retire 46 planes and take delivery of 26 aircraft: 12 Airbus A330-300s, eight Boeing 777-300ERs and six Airbus A380-800s. It will also order 37 new aircraft.

Tradingmarkets.com

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