Thai Airways delays Airbus payment

Thai Airways International said Tuesday it had reached an agreement with Airbus to postpone the first payment for six A330 aircraft to be delivered in 2009 after being hit by the Thai airport closures and global economic crisis, according to Reuters. The Thai carrier had ordered eight A330 aircraft with six of them will be […]


A330 Airbus economic crisis Thai Airways International


Thai Airways International said Tuesday it had reached an agreement with Airbus to postpone the first payment for six A330 aircraft to be delivered in 2009 after being hit by the Thai airport closures and global economic crisis, according to Reuters. The Thai carrier had ordered eight A330 aircraft with six of them will be delivered this year, with the first due in April. The delivery of six A380 superjumbos is still on track for December 2010. The first payment will be postponed to April from January and subsequent payments will also be delayed for three months. The carrier said last month that the global crisis and the airport shutdown – which cost it nearly 20 billion baht (US$ ) – would pull 2008 revenue growth below 10 per cent and the impact would continue to be felt in 2009.