20-2-2024 (BANGKOK) Thai Airways International (THAI) has placed its largest-ever aircraft order, with US planemaker Boeing, for 45 Dreamliner planes. The deal, confirmed at the Singapore Airshow, will support THAI’s long-term strategy of fleet renewal and expansion, as well as the opening of new routes across Southeast Asia.
Boeing, in a statement, highlighted that THAI chose the 787-9 Dreamliner to enhance its fleet with more fuel-efficient aircraft and cater to the growing demand for air travel in the region. The 45 planes will be equipped with GEnx engines from General Electric, and the agreement allows for a potential total acquisition of up to 80 Dreamliners. Furthermore, THAI will have the flexibility to convert between different models within the Dreamliner family, providing adaptability to meet evolving market demands.
The strategic investment in the 787 Dreamliner signifies THAI’s commitment to operating a modern, efficient, and flexible fleet. Brad McMullen, Senior Vice President of Commercial Sales and Marketing at Boeing, emphasized the long-standing partnership between the two companies and the significance of this deal for THAI’s future operations.
While Boeing did not disclose the specific value of the deal, the list price for 45 Dreamliners would amount to approximately $13.16 billion (476 billion baht). However, it is common for customers to receive discounts on bulk orders.
In line with THAI’s goal of achieving carbon neutrality by 2050, the GEnx engines selected for the Dreamliners are known for their advanced technology and reduced environmental impact. Chai Eamsiri, CEO of THAI, highlighted the company’s commitment to sustainability and the positive environmental attributes of the chosen engines.
THAI assured that the addition of these planes to its fleet between 2027 and 2033 will not impact its ongoing repayment plans under the debt rehabilitation process. The acquisition of these aircraft is a crucial step for THAI in gradually replacing expiring leases and aging planes, ensuring the airline maintains an efficient and modern fleet.
The recovery in the tourism industry has contributed to THAI’s recent business performance, with the company reporting a fourth consecutive quarterly profit in November. The airline aims to exit its rehabilitation plan this year. Currently operating 70 aircraft, THAI expects its fleet to grow to 79 planes by the end of this year and reach 90 aircraft by 2025, according to its projections.
