Popular Post snoop1130 Posted May 21, 2020 Popular Post Share Posted May 21, 2020 Airbus denies renting out jets to THAI By THE NATION Airbus today denied local reports that it had notified Thai Airways International (THAI) of debts the struggling carrier owes for 30 rented aircraft. Airbus said in a statement that it had not leased any aircraft to THAI. Reports on May 20 quoted Deputy Transport Minister Thaworn Senneam as saying that THAI’s debts were checked on May 15, when documents showed that Airbus is trying to collect debts for the rental of 30 airplanes as the due date draws near. Source: https://www.nationthailand.com/news/30388262 -- © Copyright The Nation Thailand 2020-05-21 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 13 Link to comment Share on other sites More sharing options...
Popular Post MadMac Posted May 21, 2020 Popular Post Share Posted May 21, 2020 Something must have gone wrong ;). Darn.... 2 7 Link to comment Share on other sites More sharing options...
Popular Post 3NUMBAS Posted May 21, 2020 Popular Post Share Posted May 21, 2020 what language is the contract written in ?swahili or some unknown tongue of a lost tribe ? 5 11 Link to comment Share on other sites More sharing options...
Popular Post Just1Voice Posted May 21, 2020 Popular Post Share Posted May 21, 2020 Someone didn't get their monthly brown envelope 15 3 Link to comment Share on other sites More sharing options...
Popular Post johng Posted May 21, 2020 Popular Post Share Posted May 21, 2020 3 minutes ago, MadMac said: Something must have gone wrong ;). Darn.... Yet another "just a misunderstanding" ???? 19 3 4 Link to comment Share on other sites More sharing options...
MadMac Posted May 21, 2020 Share Posted May 21, 2020 1 minute ago, 3NUMBAS said: what language is the contract written in ?swahili or some unknown tongue of a lost tribe ? French probably ???? Link to comment Share on other sites More sharing options...
crobe Posted May 21, 2020 Share Posted May 21, 2020 2 minutes ago, MadMac said: French probably ???? English 1 1 Link to comment Share on other sites More sharing options...
Popular Post MadMac Posted May 21, 2020 Popular Post Share Posted May 21, 2020 1 minute ago, crobe said: English Please don't start that teacher dilemma here again 555 10 Link to comment Share on other sites More sharing options...
Popular Post transam Posted May 21, 2020 Popular Post Share Posted May 21, 2020 Does this airline actually know whom they rent from....? ???? No wonder its sums don't add up, and they are in trouble...????... 25 5 Link to comment Share on other sites More sharing options...
Popular Post MadMac Posted May 21, 2020 Popular Post Share Posted May 21, 2020 Does not matter, apparently the Ministry of Finance sold their shares, how so, no idea. Now it is up to Buddha. 1 5 Link to comment Share on other sites More sharing options...
Popular Post moe666 Posted May 21, 2020 Popular Post Share Posted May 21, 2020 Maybe they rented from one of the big aircraft leasing companies 20 Link to comment Share on other sites More sharing options...
MadMac Posted May 21, 2020 Share Posted May 21, 2020 4 minutes ago, moe666 said: Maybe they rented from one of the big aircraft leasing companies Not so sure about this, they bought planes in the past like those 340 that could not be sold ever again. One belongs now to the airforce, permanently parked at Don Mueang on the other side. Link to comment Share on other sites More sharing options...
Popular Post crobe Posted May 21, 2020 Popular Post Share Posted May 21, 2020 9 of the A320s are leased from the AWAS leasing company - these are mostly for the Thai Smile subsidiary, Jet Airways leased 3 Boeing 777s to Thai airways. The confusion could be that Airbus is trying to recover the debt for maintenance on the Airbus aircraft which are leased from third parties rather than the lease debt itself. 17 6 Link to comment Share on other sites More sharing options...
MadMac Posted May 21, 2020 Share Posted May 21, 2020 They could still recover the planes, which other stakeholders may not be able to. So now it becomes a fight for what is left over. Link to comment Share on other sites More sharing options...
Popular Post richard_smith237 Posted May 21, 2020 Popular Post Share Posted May 21, 2020 18 minutes ago, crobe said: 9 of the A320s are leased from the AWAS leasing company - these are mostly for the Thai Smile subsidiary, Jet Airways leased 3 Boeing 777s to Thai airways. The confusion could be that Airbus is trying to recover the debt for maintenance on the Airbus aircraft which are leased from third parties rather than the lease debt itself. Makes sense, then as usual the press have over simplified and dramatized the whole issue reporting inaccurately and avoiding facts they are unable to understand. 17 4 2 Link to comment Share on other sites More sharing options...
Popular Post DrTuner Posted May 21, 2020 Popular Post Share Posted May 21, 2020 1 hour ago, 3NUMBAS said: what language is the contract written in ?swahili or some unknown tongue of a lost tribe ? Unknown lost tongue like Thai? 2 3 Link to comment Share on other sites More sharing options...
ChipButty Posted May 21, 2020 Share Posted May 21, 2020 Squeaky bum time in Thailieland 2 Link to comment Share on other sites More sharing options...
Borzandy Posted May 21, 2020 Share Posted May 21, 2020 13 hours ago, snoop1130 said: Airbus said in a statement that it had not leased any aircraft to THAI. But someone at Thai Aiways claims it and took the money.... 1 Link to comment Share on other sites More sharing options...
Greg O Posted May 22, 2020 Share Posted May 22, 2020 And who do the Engines and spares belong to ? Link to comment Share on other sites More sharing options...
Popular Post boonrawdcnx Posted May 22, 2020 Popular Post Share Posted May 22, 2020 14 hours ago, transam said: Does this airline actually know whom they rent from....? ???? No wonder its sums don't add up, and they are in trouble...????... 14 hours ago, MadMac said: Does not matter, apparently the Ministry of Finance sold their shares, how so, no idea. Now it is up to Buddha. They did not sell even 4% only reduced their share to just under 51 % - the entire saga is nothing but a smoke screen - it’s a bailout nothing else. 2 2 Link to comment Share on other sites More sharing options...
tigerfeet Posted May 22, 2020 Share Posted May 22, 2020 14 hours ago, MadMac said: Something must have gone wrong ;). Darn.... Yes there's more to this than they are saying Airbus dont make multi million mistakes 1 Link to comment Share on other sites More sharing options...
Popular Post herfiehandbag Posted May 22, 2020 Popular Post Share Posted May 22, 2020 Perhaps the smoke is clearing, to reveal that the mirrors are unaccountably missing. 3 Link to comment Share on other sites More sharing options...
meinphuket Posted May 22, 2020 Share Posted May 22, 2020 Oh dear someone has been busy cooking, and its not inflight meals. 1 1 Link to comment Share on other sites More sharing options...
Popular Post kamahele Posted May 22, 2020 Popular Post Share Posted May 22, 2020 Normally the aircraft makers will sell to a leasing company which then leases to the airline. 3 Link to comment Share on other sites More sharing options...
Paul Henry Posted May 22, 2020 Share Posted May 22, 2020 Maybe a matter of definition and someone playing semantics.Airbus says have they have not leased any aircraft. Thai says Airbus is trying to collect rent.There is a major difference between renting and leasing. What does the contract cover Rental or leasing or is there a contract. Link to comment Share on other sites More sharing options...
SiSePuede419 Posted May 22, 2020 Share Posted May 22, 2020 15 hours ago, 3NUMBAS said: what language is the contract written in German. ???? Link to comment Share on other sites More sharing options...
thailand49 Posted May 22, 2020 Share Posted May 22, 2020 Get ready Airbus, right now you already got too many aircraft parked not only Thai you will take whatever the judge gives you and then redraft Rent/Lease ba????ck out again unless you got people lining up for them? 1 Link to comment Share on other sites More sharing options...
Popular Post sead Posted May 22, 2020 Popular Post Share Posted May 22, 2020 So i guess someone said that he needs billions of dollars to buy xx aircrafts. Those aircrafts seems now to only have been rented. Wheres the money. In who pocket do they now hide .... 3 1 Link to comment Share on other sites More sharing options...
mtls2005 Posted May 22, 2020 Share Posted May 22, 2020 Airbus sells to the leasing companies, which then lease the aircraft to THAI (TG). In TG's case, for Airbus aircraft, leasing companies include: Aviation Lease and Finance CIT Aerospace International RBS Aerospace International There have been reports of leasing cabin staff in the future. 2 Link to comment Share on other sites More sharing options...
mr mr Posted May 22, 2020 Share Posted May 22, 2020 so by thai logic i should long thai airways stock right ? Link to comment Share on other sites More sharing options...
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