JuliusWong 0 Report post Posted January 28, 2015 (edited) Airline has posted loss from operations for six quarters Airline won't go bankrupt with government support - PM Airline to cut loss-making routes by 10 pct, sell planes Adjusted debt to capitalization rose to 82.3 percent at the end of September 2014 from over 70 percent in 2011-2013 B747-400s and A340-600 will be retired. The A380s will be the only quad-jets left. Madrid, Moscow, Los Angeles are likely to be axed in the Q2 2015. These other routes are not profitable which may be axed by the Q4: Rome, Milan, Brussels, Brisbane, Sapporo, Colombo, Denpasar, and Hyderabad. To sell stake in Nok Air, BAFS and Novotel Suvarnabhumi Airport Hotel Workforce to be slahsed from 25,000 to 20,000 National airline to downsize and reduce routes January 27, 2015 "The State Enterprise Policy Committee has approved in principle Thai Airways International's rehabilitation plan, which was discussed in a meeting on Monday chaired by the prime minister. Measures will include a reduction of the airline's staffing by 5,000 and cancellation of its non-performing routes. THAI is one of even troubled state enterprises. In the first nine months of 2014, the airline suffered losses of Bt9 billion. It recorded a loss of Bt12 billion in 2013. The rehabilitation plan will see its workforce slashed from 25,000 to 20,000. The Bangkok-Johannesburg route was already cancelled on January 15 and the Bangkok-Madrid, Bangkok-Moscow, Bangkok-Los Angeles routes are likely to be axed in the second quarter of this year. Decisions on routes that do not make a profit but are considered to have potential will be made in the fourth quarter. They include Bangkok-Rome, Bangkok-Milan, Bangkok-Brussels, Bangkok-Brisbane, Bangkok-Sapporo, Bangkok-Colombo, Bangkok-Denpasar and Bangkok-Hyderabad. Under the rehabilitation plan, THAI’s fleet will also be revised. It will sell 22 old aircraft and decommission 14 Boeing 747-400 and Airbus A 340-600 craft. THAI also plans to sell its stakes in Nok Air, BAFS and Novotel Suvarnabhumi Airport Hotel. THAI holds a 39-percent stake in Nok Air, a 22.59-percent stake in BAFS and a 30-percent stake in Novotel Suvarnabhumi Airport Hotel. THAI also plans to sell its shares in the Amari Airport Hotel and Royal Orchid Sheraton Hotel as part of its business restructuring." More at source: http://www.nationmultimedia.com/national/National-airline-to-downsize-and-reduce-routes-30252743.html#sthash.dR7kxe84.dpuf Government approves struggling Thai Airways' restructuring plan BANGKOK, Jan 26 (Reuters) - Thailand's military-led government has approved a restructuring plan for Thai Airways International PCL in a bid to restore profitability to the national carrier's operations, a senior government official said on Monday. State-controlled Thai Airways is one of the major state companies to undergo reform after the military seized power from an elected government in a May coup. The restructuring includes measures to cut operating costs, boost revenue and sell some non-core assets, said Kulit Sombatsiri, director general of the State Enterprise Policy Office. Thai Airways President Charumporn Jotikasthira told a news conference the airline planned to reduce the number loss-making routes, both domestic and international, by 10 percent this year. Under the two-year plan, the airline will take delivery of three new planes this year and sell 22 old aircraft by July, while reducing staff numbers will be a last resort. More at: http://www.reuters.com/article/2015/01/26/thai-airways-restructuring-idUSL4N0V51ZP20150126 Edited January 28, 2015 by JuliusWong Share this post Link to post Share on other sites
S V Choong 4 Report post Posted January 28, 2015 Caught Thai A340-600 and 747-400 before they retired them Share this post Link to post Share on other sites
KK Lee 5 Report post Posted January 28, 2015 (edited) A visit to BKK will find TG has a quite a number of idling aircraft. like glc airline we are familiar with, tg have finger in too many pies, performing many national services and fulfilling political masters' wishes. Edited January 28, 2015 by KK Lee Share this post Link to post Share on other sites
S V Choong 4 Report post Posted January 28, 2015 A visit to BKK will find TG has a quite a number of idling aircraft. like glc airline we are familiar with, tg have finger in too many pies, performing many national services and fulfilling political masters' wishes. A300-600R (left TG's fleet, parked at DMG, but still owned by TG) A320-200 (New kid on the block, mainly belongs to Thai Smile but some are coming into TG's main fleet) A330-322 (older PW powered) A330-343X (RR) A340-500 (4x at DMG which they are having problem selling) A340-600 A380-800 B737-400 B747-400 B777-200 (RR powered, A market) B777-200ER (RR powered) B777-300 (RR powered) B777-300ER B787-8 https://www.thaiairways.com/thai-services/in-the-air/en/our-aircraft.htm Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted January 28, 2015 A300-600R (left TG's fleet, parked at DMG, but still owned by TG) A320-200 (New kid on the block, mainly belongs to Thai Smile but some are coming into TG's main fleet) A330-322 (older PW powered) A330-343X (RR) A340-500 (4x at DMG which they are having problem selling) A340-600 A380-800 B737-400 B747-400 B777-200 (RR powered, A market) B777-200ER (RR powered) B777-300 (RR powered) B777-300ER B787-8 https://www.thaiairways.com/thai-services/in-the-air/en/our-aircraft.htm B737-400, B747-400BCF A300-600R, A330-321 (PW powered) and A340-500 are actively being sold by Thai and now soliciting bid. (http://www.thaiaircrafttrading.com/aircraft.htm) B777-200 (RR powered, A market), B777-200ER (RR powered) and B777-300 (RR powered) will be replaced by A350-900XWB and B787-9 once delivery commences. B747-400. They just completed refurbishment of youngest six 744, not sure why they are now retiring them. Future TG's fleet will look like: A320-200 A330-343X (RR powered) A350-900XWB A380-800 B777-300ER B787-8 B787-9 Share this post Link to post Share on other sites
S V Choong 4 Report post Posted January 28, 2015 B737-400, B747-400BCF A300-600R, A330-321 (PW powered) and A340-500 are actively being sold by Thai and now soliciting bid. (http://www.thaiaircrafttrading.com/aircraft.htm) B777-200 (RR powered, A market), B777-200ER (RR powered) and B777-300 (RR powered) will be replaced by A350-900XWB and B787-9 once delivery commences. B747-400. They just completed refurbishment of youngest six 744, not sure why they are now retiring them. Future TG's fleet will look like: A320-200 A330-343X (RR powered) A350-900XWB A380-800 B777-300ER B787-8 B787-9 Thanks Julius. Didn't know they have ordered both A350-900XWB and B787-9 too What about their 777-F? Do they still have them with Thai Cargo? Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted January 28, 2015 Thanks Julius. Didn't know they have ordered both A350-900XWB and B787-9 too What about their 777-F? Do they still have them with Thai Cargo? Most welcome. The A350-900XWB and B787 deal are mix of owned and lease from different lessor. You may read more here (http://www.flightglobal.com/news/articles/thai-to-acquire-eight-787s-and-12-a350s-in-37-aircraft-357880/) The B777F were leased in 2010 through Southern Air for few months before the deal was called off. (http://www.airlinesanddestinations.com/airlines/southern-air-to-operate-two-boeing-777fs-for-thai-airways-international/) (http://www.tiaca.org/NewsBot.asp?MODE=VIEW&ID=13864) Share this post Link to post Share on other sites
flee 5 Report post Posted January 28, 2015 Thai is one of those airlines where the executives treat aircraft as toys. They will order anything under the sun. As for engines, they have every version of the RR Trent family at one time or another! Still remember my most uncomforable flight with Thai on their Super DC-8. From London to Amsterdam to Bagdad to Karachi and finally Bangkok. Then switched to their Airbus A300 for the Bangkok to Kuala Lumpur sector. Very very long journey! Share this post Link to post Share on other sites
Kenneth Chong WT 0 Report post Posted January 28, 2015 Denpasar is not profitable? Due to low cost carriers? Share this post Link to post Share on other sites
S V Choong 4 Report post Posted January 28, 2015 Thai is one of those airlines where the executives treat aircraft as toys. They will order anything under the sun. As for engines, they have every version of the RR Trent family at one time or another! Still remember my most uncomforable flight with Thai on their Super DC-8. From London to Amsterdam to Bagdad to Karachi and finally Bangkok. Then switched to their Airbus A300 for the Bangkok to Kuala Lumpur sector. Very very long journey! That must be pre-Gulf war in the 1980s? Before Saddam went to attack Kuwait (early 1990s)? Share this post Link to post Share on other sites
KK Lee 5 Report post Posted January 28, 2015 (edited) That must be pre-Gulf war in the 1980s? Before Saddam went to attack Kuwait (early 1990s)? Thai is one of those airlines where the executives treat aircraft as toys. They will order anything under the sun. As for engines, they have every version of the RR Trent family at one time or another! Still remember my most uncomforable flight with Thai on their Super DC-8. From London to Amsterdam to Bagdad to Karachi and finally Bangkok. Then switched to their Airbus A300 for the Bangkok to Kuala Lumpur sector. Very very long journey! Early 1980's or late 1970's? Edited January 28, 2015 by KK Lee Share this post Link to post Share on other sites
Chris Tan 0 Report post Posted January 28, 2015 Reminds me of MH's route cutting. JNB, LAX and a bunch of European destinations... Share this post Link to post Share on other sites
Radzi 2 Report post Posted January 28, 2015 With TG, the question is not what aircraft type they have. It is shorter to list types they don't have. Share this post Link to post Share on other sites
zeqa 1 Report post Posted January 28, 2015 My sister used thai 747 from BKk to London last year. Ask her to take pic but she forgot. hahaha. Share this post Link to post Share on other sites
jani 0 Report post Posted January 28, 2015 Surprised Bali is not profitable for them. Thais don't like Bali? Prefer local beaches? Share this post Link to post Share on other sites
Chris Tan 0 Report post Posted January 28, 2015 Surprised Bali is not profitable for them. Thais don't like Bali? Prefer local beaches? Doubt it gets a whole lot of premium/high yield traffic to fill up their widebodies. Share this post Link to post Share on other sites
Khalil Abd Halim 0 Report post Posted January 28, 2015 still no airline can beat TG catering and their service makes even flying in Y feels premium Share this post Link to post Share on other sites
S V Choong 4 Report post Posted January 29, 2015 still no airline can beat TG catering and their service makes even flying in Y feels premium Yes, you got to pay more though. TG Y class aren't cheap, compared to others such as CX and SQ Share this post Link to post Share on other sites
KC Sim 2 Report post Posted January 30, 2015 During visits to Bangkok in December 2014 and January 2015, it is shocking to note that during what is considered to be the high tourist season, there are more than 40 TG aircraft sitting around. Even the new B787-8 (HS-TQD) sat around for more than a week after being delivered. KC Sim Share this post Link to post Share on other sites
S V Choong 4 Report post Posted January 30, 2015 During visits to Bangkok in December 2014 and January 2015, it is shocking to note that during what is considered to be the high tourist season, there are more than 40 TG aircraft sitting around. Even the new B787-8 (HS-TQD) sat around for more than a week after being delivered. KC Sim Agreed. Even the HS-TNA (A340-600) I was on just before X'mas, she performed a flight to Singapore in the morning and return to BKK in the afternoon. She parked at the remote bay near the cargo and called it the day! Such a waste. Then I saw many TG birds lurking around too, sitting idle... Share this post Link to post Share on other sites
BC Tam 2 Report post Posted January 30, 2015 Even the HS-TNA (A340-600) I was on just before X'mas, she performed a flight to Singapore in the morning and return to BKK in the afternoon. She parked at the remote bay near the cargo and called it the day!Maybe the elderlies need a wee bit more rest than what others are comfortable with ?! Share this post Link to post Share on other sites
Kris Kim 0 Report post Posted February 3, 2015 Agreed. Even the HS-TNA (A340-600) I was on just before X'mas, she performed a flight to Singapore in the morning and return to BKK in the afternoon. She parked at the remote bay near the cargo and called it the day! Such a waste. Then I saw many TG birds lurking around too, sitting idle... I think TG management like collecting aircraft, scale models don't do it for them, they prefer 1:1 scale! I think Thailand and Malaysia are in the same situation, both countries have comparable economies, they lack the economic pull like that of Singapore, Taiwan, Hong Kong, China, Korea and Japan. Both governments are also guilty of playing politics and putting it first before profits for their national carriers out of 'national interests', sadly its the sad realty for government owned/part owned entities, no matter what they do they will be interfered with even if it is for the better of the company. I sincerely hope both Garuda Indonesia and Vietnam Airlines don't follow this path, as these 2 carriers are expected to be the next big SE Asian airlines. Share this post Link to post Share on other sites