THAILAND: Thai Airways delays Airbus payment
Thai Airways International said recently 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 to be delivered […]
February 1, 2009
The Thai carrier had ordered eight A330 aircraft with six of them to 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$572 million) – would pull 2008 revenue growth below 10 per cent and the impact would continue to be felt in 2009.