Thai Airways plans to buy 23 new aircraft to reverse hemorrhaging bottomline

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The national carrier is hemorrhaging billions of dollars as yet another strategy is cobbled together to try and reverse the decline in sales and passenger numbers. Thai Airways International must revamp its business strategy and quickly finalise a multibillion-baht plan to buy new jetliners in order to tackle chronic losses, says deputy premier Somkid Jatusripitak. Thai, which reported a net loss of 3.08 billion baht in the second quarter of this year due to higher fuel costs and increased competition, has been given three months to review its 100 billion baht buying spree of 23 new jetliners.

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Thai Airways plans to buy 23 new aircraft to reverse hemorrhaging bottomline

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