AVIATION
THAI plans $550m lawsuit
Wants damages for default by seat maker
Thai Airways International (THAI) will sue Koito Industries for US$550 million for costs arising from the Japanese company's late delivery of seats for the flag carrier's wide-body jets, including the superjumbo Airbus A380.
THAI is soon expected to name Baker & McKenzie as its legal adviser to pursue litigation against the troubled Yokohama company that is partly owned by Toyota Motor, according to THAI insiders.
The airline is seeking, $470 million for lost business opportunities resulting from its inability to deploy 11 aircraft as planned, plus $80 million for actual costs caused by the delivery delay and finding replacement suppliers.
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About the author
- Writer: Boonsong Kositchotethana
- Position: Deputy Editor Business
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