Thai’s time to grow

ON 17 June Thai Airways International’s board of directors approved the acquisition of 37 commercial passenger and cargo aircraft.

In a deal worth approximately Bt118.6 billion (US$3.88 billion) Thai will purchase 15 aircraft and lease a further 22 between now and 2017.

The new aircraft will be used for international, regional, short-haul regional and domestic routes.

Among the 15 purchased aircraft, Thai will place an order for six 777-300ERs and five A320-200s to be delivered between 2014 and 2015. Orders will also be placed for four A350-900s for delivery between 2016 and 2017.

Among the operating lease of 22 aircraft, the airline will take a 12-year rental term for eight 787-8s from International Lease Finance Corporation for delivery between 2014 and 2017, six A350-900 from Aviation Lease and Finance Company, two A350-900 from CIT Aerospace International, and six A320-200s from RBS Aerospace.

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