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AOT ready to invest in THAI-run services

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AOT ready to invest in THAI-run services

By The Nation

 

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Airports of Thailand (AOT) is looking into the option of signing a joint venture with Thai Airways International (THAI) for the operation of three main services at Suvarnabhumi Airport, namely ground services, aircraft repair and the cargo centre. 

 

“The running of these three units cannot be disrupted, because that would affect the operations of Suvarnabhumi Airport,” AOT president Nitinai Sirismatthakarn said on Wednesday (July 8 ).

 

After the airline applied for rehabilitation through the Central Bankruptcy Court, he said the AOT board has set up a panel to come up with policies in line with the rehab plan. 

 

This committee will study the effects the rehab plan may have on the airport’s operations, as well as solutions to these problems. 

 

THAI has had to suspend all flights since June after entering rehabilitation. 

 

Nitinai, meanwhile, said AOT was ready to enter a joint venture with THAI in the running of the three operations to ensure continuous service and to ensure there is no adverse effect. Once THAI returns to normal, he said, AOT will be happy to let the airline buy back shares of the three operations. 

 

However, he added, before any moves can be made, AOT has to wait for the court’s investigation hearing on August 17. If THAI’s rehab plan goes ahead without any objections, AOT can formally enter negotiations with the airline. 

 

Meanwhile, THAI owes AOT around Bt3 billion, Bt2 billion of which it owes to technicians at Don Mueang Airport, which has been under dispute for a long time. However, Nitinai said AOT is not too concerned about this debt because the amount is not high, adding that it is more concerned about airport operations going ahead without hinderance. 

 

THAI’s rehabilitation plan reportedly includes the possibility of separating business units, such as the aviation kitchen department, products and mailing department as well as mechanics department, so they are open for private investment. 

 

Source: https://www.nationthailand.com/business/30390970

 

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-- © Copyright The Nation Thailand 2020-07-09
 

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Pass  me  my  revolver.

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"Meanwhile, THAI owes AOT around Bt3 billion,"  What's 3 billion baht among friends!  🙄

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I have first hand experience of the ‘business culture’ of AOT.

Hopefully, this announcement is just their way of reminding what is owed and/or they see some additional trough access opportunities during the restructuring.


It should not happen, as the last thing Thai needs is these people more involved...yet another organisation that should be taken private for the benefit of the Thai populace. 

 

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The last thing AOT is to partner with a failed airline in ever-ending need of operating capital, in bankruptcy and already deep in debt to AOT. AOT needs to remain operationally independent of THAI or any other airlines for that matter.

AOT needs to contract IN COMPLIANCE WITH GOVERNMENT PROCUREMENT LAWS & REGULATIONS (ie., no sole source contracting) with a company successively  experienced to provide such services. Albeit, that may require a foreign service partner who is more likely to reject situations that might offer corruption. In other words, lack 'thainess.'

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23 minutes ago, Srikcir said:

that may require a foreign service partner who is more likely to reject situations that might offer corruption. In other words, lack 'thainess.'

Like Rolls Royce?

 

In Thailand, Rolls-Royce agreed to pay $18.8m to regional intermediaries. Some of the money was for individuals who were "agents of the State of Thailand and employees of Thai Airways", the SFO said. These agents "were expected to act in Rolls-Royce's favour with respect to a purchase by Thai Airways of T800 engines".

https://www.bbc.com/news/business-38644114

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