Search Results forThai Airways
Thai Airways marks 120 years of Thai-Norwegian diplomacy
Thai Airways International Public Company Limited (THAI) continues to elevate its strategic role as a Nordic–Asia Pacific aviation hub with daily direct flights between Bangkok and Oslo. That said, in commemoration of the 120th anniversary of diplomatic relations between Thailand and the Kingdom of Norway, Thai Airways proudly supports the Charity Walk–Run in Oslo event, scheduled for 22nd June. Organised by the Royal Thai Embassy in Oslo in collaboration with the Faculty of Medicine Siriraj Hospital at Mahidol University, the event aims to foster the profound and enduring international cooperation that has been established since 1905 with the historic visit of King Chulalongkorn (Rama V) to the Kingdom of Norway, marking official diplomatic ties between the two Kingdoms. All proceeds from the "Charity Walk–Run in Oslo" event, with no deductions, will go to Siriraj Hospital's fund for underprivileged patients. Bridging two worlds together through seamless flight The Thai flag-carrier proudly provides world-class full-service travel experiences for business travelers, tourists, and Nordic residents alike, ensuring convenience and comfort throughout the flight. The daily Bangkok–Oslo direct flight serves as a central link between Nordic and Asia-Pacific regions, enabling travelers to smoothly connect from Oslo to key Scandinavian cities, including Stockholm, Helsinki, Iceland, and Copenhagen. Likewise, this route also allows passengers to conveniently transit through Bangkok to access major Asia-Pacific destinations such as Tokyo, Seoul, Taipei, Singapore, Sydney, Melbourne, Ho Chi Minh City, Bali, Vientiane, and Phnom Penh, via THAI's extensive partner network. Passengers from both regions can therefore plan their business and leisure trips easily and smoothly.
Airbus signs letter of intent with Thai Airways
Airbus and Thai Airways International formally signed a Letter of Intent (LoI) to retrofit the latter’s A350s. This is expected to enhance passenger comfort and operational efficiency thanks to state-of-the-art cabin upgrades. Airbus’ head of commercial services in the Asia Pacific Balinda Zhang remarked: “Airbus is pleased to support THAI in this significant investment in their fleet, ensuring that their A350 aircraft continue to offer passengers an exceptional flying experience. This retrofit aligns with our shared vision of delivering enhanced comfort and efficiency for airlines and their customers.” Furthermore, the agreement reaffirms Airbus’ long-standing partnership with THAI and its commitment to supporting the airline’s fleet modernisation strategy. As a long-range leader, the A350 remains a key pillar of THAI’s network, and the retrofit will further enhance its appeal for premium and economy passengers alike. What the agreement entails The retrofit programme will be overseen by Airbus, during which Thai Airways’ fleet of A350-900 aircraft will be equipped with the latest cabin innovations, ensuring a premium travel experience for passengers on long-haul routes. The upgrades will include modernised and elevated ‘Royal Silk’ Business Class seats, new Premium Economy Class Seats, and Economy Class seats, as well as an improved in-flight entertainment system that offer a seamless travel experience across THAI’s network. The cabin modernisation is expected to begin by 2028, and the retrofitted aircraft are expected to re-enter service in phases, ensuring minimal impact to the airline’s flight operations.
Thai Airways chooses Sabre to drive revenue opportunities
Sabre Corporation announced an expansion of its longstanding relationship with Thai Airways. Thailand’s flag-carrier opted for Sabre’s advanced Fares Manager and Fares Optimizer solutions to enhance its pricing capabilities and drive incremental revenue opportunities. This agreement further strengthens the alliance between Sabre and Thai Airways, which already includes a long-term distribution agreement. By adopting Sabre Fares Manager together with Fares Optimizer, Thai Airways is poised to streamline its fares management processes, respond more effectively to market dynamics, enhance analyst productivity, and optimise pricing strategies to maintain a competitive edge. Ahead of the game Sabre’s Fares Manager and Fares Optimizer products empower airlines to proactively manage their fares, analyze market trends, and make data-driven pricing decisions with speed and precision. By automating benchmarking and optimizing fare structures, Sabre’s solutions help airlines enhance analyst productivity, refine pricing strategies, and ultimately boost profitability. Thai Airways’ head of pricing and revenue management Nuthaphol Amawatana said: “By using Sabre’s advanced fares management solutions, we can efficiently monitor competitor fare activities and quickly adjust our pricing strategies to capture revenue opportunities. This collaboration with Sabre enables us to refine our pricing approach, ensuring that we offer the right fares at the right time to our customers.” Sabre’s vice-president and regional general manager in the Asia Pacific Rakesh Narayanan added: “Our Fares Manager and Fares Optimizer solutions are designed to address these challenges by providing integrated end-to-end automation and intelligence. We are thrilled to deepen our alliance with Thai Airways and support their continued success in an increasingly complex and competitive marketplace.” Thai Airways recently added new widebody aircraft to its fleet, as well as increasing frequencies on popular flights, adding new routes, and reestablishing international routes, including to Oslo and Milan.
Thai Airways resumes service to Brussels
Thai Airways International Public Company Limited (THAI) formally resumed its Bangkok-Brussels service on Sunday, 1st December. Beginning this month, THAI operates daily round-trip flights to Brussels utilizing the state-of-the-art Boeing 787-8 with the following flight details: TG934 from Bangkok at 00.30 hours to Brussels at 07.05 hours (local time) TG935 from Brussels at 13.10 hours (local time) to Bangkok at 06.10 hours of the next day The initial flight for the service was sent off from the Brussels Airport by a crowd that included Belgian Prime Minister Alexander De Croo, Thai ambassador to Belgium Kanchana Patarachoke, Belgian ambassador to Thailand Skander Nasra, THAI chairman of plan administrators Piyasvasti Amranand, THAI plan administrator Chansin Treenuchagron, THAI CEO Chai Eamsiri, THAI chief commercial officer Korakot Chatasingha, and Brussels Airport chief executive Arnaud Feist. Where history and modernity walk together THAI officially opted to resume flight services to Brussels, the capital city of Belgium and the European Union where history and modernity perfectly coexist. Outstanding landmarks include the UNESCO heritage Grand Place, the Royal Palace, the Cathedral of St. Michael and St. Gudula which is renowned for its Gothic architecture, Mont des Arts, Mini-Europe, the Atomium sculpture crafted for Expo 58, Galeries Royales Saint-Hubert shopping arcade, the Manneken Pis, and Parc du Cinquantenaire. From Brussels, passengers may conveniently drive or take a train ride further to the romantic canal town of Bruges, the historical town of Ghent and Antwerp which is the city of arts and jewelry trade; or even travel further through the Star Alliance network to other European destinations. Hence, the resumption of Brussels flight operations elevates passengers' travel experience as well as THAI's efficiency.
Thai Airways extends partnership with Gulf Air
Thai Airways International Public Company Limited (THAI) and Bahrain’s Gulf Air announced the expansion of their long-standing partnership, seeing to strengthen their joint commitment to provide passengers with seamless travel options across their combined networks. This enhanced agreement is expected to significantly increase the number of destinations available to travellers of both airlines. Under this expanded agreement, THAI will provide codeshare services in roundtrip flights from Bangkok to Cairo, Kuwait City, Amman, Casablanca, Athens, and Manchester operated by Gulf Air via connecting flights from Bahrain. At the same time, Gulf Air will offer its passengers seamless connectivity onboard codeshare roundtrip flights from Bangkok to Chiang Rai, Udon Thani, Ubon Ratchathani, Khon Kaen, Krabi, Hat Yai, Kuala Lumpur, Jakarta, Denpasar, and Sydney. Stronger collaboration This latest development underscores THAI and Gulf Air's shared commitment to continuously strengthen their collaboration and enhance the travel options available to their customers. With regard to THAI- and Gulf Air- operated codeshare roundtrip flights on the Bangkok-Bahrain and Bahrain-Abu Dhabi routes, the latter’s customers will be able to book travel to additional cities in Thailand such as Chiang Mai and Phuket as well as international destinations including Hong Kong, Singapore, and Melbourne from Bangkok. THAI airline officials expressed their pleasure over this new codesharing partnership with Gulf Air which seeks to generate new revenue approach opportunities for the Company. By offering new travel experiences and seamless connectivity, THAI passengers are now connected to a number of prestigious destinations that include Cairo, Kuwait City, Amman, Casablanca, Athens, and Manchester. The partnership also gives them access to other destinations in the Middle East, Europe and Africa through Bahrain. travel options available for their customers. A Gulf Air spokesperson also stated "Our expanded partnership with Thai Airways reaffirms our commitment to providing seamless and enriching travel experiences. This strategic move not only enhances operational efficiency across our networks, but also provides our passengers with even greater choice and convenience, connecting them to even more exciting destinations across Asia and Australia via Bangkok.”
Thai Airways releases Q2-2024 operational performance report
Thai Airways International Public Company Limited released its second quarter operational performance report for this year. The report shows how the airline has gained ground in terms of strength and capability as it prepares for its capital restructuring by the end of 2024. During the second quarter, the airline resumed flights to Milan and Oslo to serve intercontinental passengers between Europe and the Asia-Pacific. At the same time, Thai Airways codesharing agreement with Kuwait Airways has been a great help for passengers in the Middle East, North Africa, and Europe. Quarterly performance Thai Airways and its subsidiaries reported their total revenue in Q2-2024, excluding one-time transactions, at 43,981 million baht, 17.7 percent higher than the same period last year which was 37,381 million baht. This was, however, 4.3 percent than its total revenue in the first quarter of 2024 which may be attributed to lower travel demand throughout the second quarter. The airline served 3.81 million passengers in the second quarter with an average cabin factor of around 73.2 percent. Mid-year performance in review As for mid-year revenues, Thai Airways and its subsidiaries reported total revenue amounting to 89,936 million baht, 14 percent higher than the same period last year. Total expenses, excluding one-time transactions, were pegged at 72,935 million baht, 27.3 percent higher than at the same period in 2023. Operating profits before financial costs and excluding one-time transactions were at 17,001 million baht, showing a 21.3 percent decrease from 2023 figures. As of 30th June, Thai Airways’ total assets amounted to 270,526 million baht, an increase of 31,535 million baht from 31 December 2023. Total liabilities, on the other hand, were 310,956 million baht, up by 28,823 million baht from 31 December 2023. Thai Airways also paid 4,644 million baht of the total debt in 2024 which is 13,022 million baht. Airline traffic report as of June 2024 As of 30 June 2024, Thai Airways’ fleet consists of 77 operational aircraft. In the first six months of 2024, the airline’s average aircraft utilization was 13.0 hours per day. Traffic production (ASK) increased by 15.6 percent while passenger traffic (RPK) increased by 10.9 percent. The average cabin factor was 78.1 percent, lower than the previous year's 81.4%. The total number of passengers carried was 7.68 million, marking an increase of 11.8 percent, or approximately 0.81 million. What will capital restructuring entail? Based on its plans, Thai Airways’ capital restructuring consists of debt-to-equity mandatory conversion; the debt-to-equity conversion right; and offering of newly issued shares to its pre-capital restructuring shareholders, employees, and selected investors by way of sequential private placement. At the same time, the airline is set to file a petition to the Central Bankruptcy Court for the cancellation of the business rehabilitation and its shares are expected to resume trading on the Stock Exchange of Thailand within the second quarter of 2025.
Thai Airways releases 2nd quarter operational performance results
Thai Airways International Public Company Limited presented its operational performance results for the period spanning April to June 2024. The airline and its subsidiaries reported their total expenses, excluding one-time transactions, at 38,056 million baht, 32.1 percent higher than the previous year mainly due to an increase in variable costs. Operating profit, before financial costs and excluding one-time transactions, was at 5,925 million baht, compared to the 8,576 million baht profit seen in the second quarter of 2023. Q2/2023. Financial costs, according to Financial Reporting Standard No. 9 (TFRS 9), was 4,796 million baht. Both Thai Airways and its subsidiaries had one-time items mainly due to loss from foreign exchange and asset impairment resulting in total expenses of 809 million baht. Consequently, the company in total reported a net profit of 314 million baht; in the same period last year, they reported a net profit of 2,273 million baht. Earnings before interest, tax, depreciation, and amortisation (EBITDA) after cash paid for aircraft lease payment amounted to 4,401 million baht. A change of plans in restructuring Company officials also noted how the airline’s performance elevated corporate governance and management in preparation for the capital restructuring within the end of 2024. Thai Airways’ capital restructuring consists of debt-to-equity mandatory conversion; the debt-to-equity conversion right; and offering of newly issued shares to its pre-capital restructuring shareholders, THAI’s employees, and selected investors by way of private placement, sequentially. The airline is also set to file a petition to the Central Bankruptcy Court for the cancellation of the business rehabilitation and THAI’s shares are expected to resume trading on the Stock Exchange of Thailand within the second quarter of 2025.
Thai Airways expands GE90 TrueChoice service agreement
Thai Airways signed a six-year agreement extending its TrueChoice service with GE Aerospace. This agreement covers the maintenance, repair and overhaul of the airline’s GE90 engine-powered Boeing 777 commercial fleet. TrueChoice engine maintenance offerings incorporate GE Aerospace capabilities and customisations across an engine's lifecycle. All TrueChoice offerings are supported by GE Aerospace data analytics capabilities and experience to help reduce maintenance burden and service disruptions. According to Thai Airways CEO Chai Eamsiri: “GE Aerospace continues to prove itself as the right maintenance provider for our GE90 engines. This agreement extension ensures comprehensive coverage for our engines well into the future.” GE Aerospace president and CEO for commercial engines and services Russell Stokes said: “GE Aerospace is honored that Thai Airways continues to select us to keep its GE90 fleet operating safely and reliably. We greatly appreciate their partnership, and it is a privilege to continue delivering exceptional services and customer support.”
Thai Airways expands technology partnership with Amadeus
The flag carrier of Thailand is making huge strides in modernizing its business with advanced technology solutions from Amadeus. Thai Airways is focused on growing revenue and improving the travel experience for its passengers after undergoing post-pandemic transformation. To this end, the carrier renewed and expanded its distribution agreement with Amadeus to further enhance its travel retailing offerings. Amadeus travel sellers in Thailand will continue to get access to Thai Airways’ domestic content. The carrier will also revamp its website and mobile booking channels to offer its passengers a smooth and personalized travel experience. Amadeus Reference Experience will provide a modern, responsive, and configurable user interface. Thai Airways’ website and mobile channels will be upgraded with a robust booking flow that enables travelers to switch devices all along their journey. Travelers will also be able to manage end-to-end flight bookings, check-in, and disruptions by themselves. The carrier implemented Amadeus Travel Ready, which enables international travelers to verify their travel documents (passports and visas) within the online check-in process. This helps save time at the airport by speeding the manual document verifications at check-in, bag drop and boarding, consequently reducing queues. To boost and optimize network revenue, Thai Airways will implement Amadeus Network Revenue Management. The carrier will benefit from this cutting-edge technology when building routes through connecting hubs, codeshares, or partnerships. Leveraging machine learning and customer choice modelling techniques, the solution enables Thai Airways to optimise pricing and availability decisions. Finally, the airline will use the Xchange Payment Platform (XPP) from Outpayce, Amadeus’ payments business. This platform allows Thai Airways to easily accept a wide range of card and alternative payment methods from travelers. Through XPP, the carrier can accept payments globally by connecting to a wide range of specialist partners, for services like cross-border acquiring, authentication and fraud management. Thai Airways also benefits from XPP's enhanced orchestration and analytics to continually refine its payments strategy and increase acceptance rates. Nuthaphol Amawatana, Head of Pricing and Revenue Management, Thai Airways says: “This is a major technology investment and upgrade for Thai Airways and will provide the building blocks of our business transformation. We’ll now be able to offer travelers a more modern and seamless booking experience whether they are visiting our website or searching for travel via our mobile app. We are also pleased to continue our content agreements with Amadeus and look forward to exploring new opportunities. Thai Airways is confident in its choice of Amadeus as a technology partner for the decades to come.” Javier Laforgue, Executive Vice President, Travel Unit & Managing Director, Asia Pacific, Amadeus says: “Thai Airways has long been an important and strategic partner of Amadeus. The agreement signed today is a milestone for us and we look forward to working hand in hand with the carrier on its transformation journey. We are confident that our technology will continue to support Thai Airways’ growth ambitions and enable the carrier to achieve its business goals.”
Thai Airways Installs Royal Silk Business Class Seats on A320s
Thai Airways has announced a series of upgrades and expansions as part of its ongoing rehabilitation plan. The airline confirmed installing Royal Silk business class recliners in a 2-2 configuration on its Airbus A320 aircraft inherited from Thai Smile. These aircraft, the first narrowbody aircraft in Thai Airways’ fleet in decades, are deployed on the carrier’s domestic routes and select regional destinations. The decision to upgrade the seating configuration comes after the airline folded the Thai Smile subsidiary into its mainline operation and took over Thai Smile’s A320 aircraft. Initially, Thai Airways retained Thai Smile’s ‘premium’ cabin on the aircraft, which meant a 3-3 configuration with a blocked middle seat in Royal Silk. However, this proved unpopular with passengers. In addition to the seating upgrade, Thai Airways continues its rapid expansion in line with its rehabilitation plan. This includes adding three more new-technology Airbus A350-900 aircraft in the first quarter. The flag carrier recently committed to a firm order for 45 Boeing 787 Dreamliner aircraft, plus 35 options, and it also signed leasing agreements for additional A350-900s, 787-9s and its first A321 neo aircraft. Thai Airways also announced changes to its flight schedule for the summer of 2024. The airline plans to increase the frequency of flights to Sydney, Taipei, Tokyo, Kunming, Chengdu, and Phuket. It will also resume flights to Perth and Colombo from 31 March to Milan and Oslo from 1 July. The Bangkok-based airline further confirmed its plans to launch a new route to Kochi, India. India ranks among Thailand’s ‘Top 5’ inbound tourism markets, along with China and Russia. Thailand recently signed an agreement with China and Russia to permit longer stays of up to 90 days to boost tourism, while Indians currently enjoy visa exemption. These changes reflect Thai Airways’ commitment to enhancing passenger comfort and expanding its global footprint as it continues to navigate its way through its financial rehabilitation plan. The post Thai Airways Installs Royal Silk Business Class Seats on A320s first appeared on Stray Nomad Travel News.
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