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Airbus calls in THAI debts for 30 rented jets


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Free flights have nothing to do with it. Most airlines offer their personnel discounted/free perks,   If you look at the top-line management team, they are pretty much all ex-military. Infle

It was only a matter of time before the house of cards came crashing down.  The government should never have bailed them out 5 years ago.  There will be a huge vacuum if they go under.  They may need

It took C19 to see off Thai permanently.  A virus killed a germ.  

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4 minutes ago, BritManToo said:

Never used Thai airways, always way more expensive than anyone else.

All that matters to me is ...... "How much".

And THAT my friend has been the issue for years.

 

They're generally competitive in economy but not so much in Biz and FC where much of the profit is made.

 

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7 hours ago, baansgr said:

It's not only Thai, just about every airline worldwide except Middle Eastern may fold in the next month or so..unless of Government bailouts. All those vouchers in place of refunds or rebooked flights will be worthless.

Yes Virgin Airlines folded as well and Qantas is getting bailed out by the government

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8 hours ago, Andrew65 said:

Yes, but only like SAA, Alitalia, Malaysian and many others.

Many others indeed and a lot getting propped up by governments going down the gurgler like their aircraft. 

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2 hours ago, Lacessit said:

Ah, Airbus. Don't you realize when you loan anything to a Thai, it's regarded as a gift?

Well that certainly happened to all my "loans" i ever gave to a Thai person 🙂

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Tell Airbus that some of the rented planes might be parked forever in the sticks of the Kingdom - just in case they cannot find them. 

No need to check in Nong Khai's Chic Chic Market or at Bangkok's Sukaphibal 3 Road though; as there they've parked Boeing 747s. 

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7 hours ago, ThailandRyan said:

It is the main reason I have not flown with Thai in the past 4 years.  I had a flight to the US and back, but was bumped from my first class seat so an employee could take their trip, I do not care if it was a pilot or a freaking executive, you do not bounce a paying customer.  Instead they offered me a voucher for the inconvenience when I complained.  I ended up flying out on Korean Air, and have flown them ever since.  Never did get a full refund from Thai.  They are so screwed up.  Employee's may fly free but it should be on a standby only option, and if a seat is open then they can take it.  If a seat is already occupied and you remove that person for your free employee you are a unscrupulous company in my book.....

To say nothing of being commercially stupid!!

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Maybe this is the reason they declared bankruptcy ?

Now airbus have to wait in line like other creditors.

The Thais cannot fix this one. Without giving a highly qualified expat the reigns & not interfering I believe Thai Airways is doomed (Shame, because I for one used them all the time)

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1 minute ago, natway09 said:

Also I hope Thai leased them, not rented them

53 of the 74+ planes that they have are on lease, the others are bought

Not counting the A340s that are still lying around somewhere

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6 hours ago, Rimmer said:

Many are parked at Utapao you can see them from Sukhumvit Road as you drive by

One particular 737 is parked in a down town BKK garden. 

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If the aircraft are rented, then they are not Thai airline's assets, they are the owner's asset, whoever has legal title or ownership. It  is just like when you rent a car. If the rent is not paid, the asset must returned or vacated - very simple. Normally, the rental contracts are written that if the rent payment is not paid when due, the owner can reclaim their asset and file claims for late payment, lose of use, repossession fees, legal fees, etc.etc.

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