Thai Airways International will put up for sale some domestic and overseas offices and residences as part of a cost-saving plan.
THAI president Charamporn Jotikasthira said after a board meeting on Wednesday the offices to be offloaded are in Mae Hong Son, Phitsanulok, Udon Thani, Nan, Trang, Surat Thani and Phuket, and two in Hat Yai district of Songkhla.
Staff residences in London, Jakarta, Copenhagen and Singapore are also on the list, which also includes sales offices in Sydney, Rome, Madrid, Hong Kong and Penang, he added. The airline has two residences in Singapore, both of which are to be sold.
The sales plan will be announced in March and the airline expected to earn at least 1 billion baht on the deals which will save overseas expense and maintenance costs, he said.
Mr Charamporn said the airline will negotiate with Airbus and Boeing to put off plans to hand over 14 jets as THAI will concentrate on better utilising its present fleet and try to avoid piling up more debt.
The new aircraft include 12 Airbus A-350s and two Boeing 787s. Two of them will be sent to the airline this year, seven next year and five in 2018.
THAI is one of the state enterprises being scrutinised by the State Enterprises Policy Commission (SEPC) in an effort to improve performance so it can get back on track and be more competitive with other airlines.
"The SEPC has a policy which does not allow Thai Airways to add more [financial] burden with new aircraft which have been procured. Thus we will negotiate with the manufacturers, but we cannot say what the result will be right now," he said.
Mr Charamporn said the national carrier was flying with a positive outlook as it carried more passengers and increased the cabin factor last year, while slashing 13 more planes from the fleet and shutting down four offices in Los Angeles, Moscow, Johannesburg and Madrid.
About 18.4 million passengers travelled with the airline last year, a 3.77% increase from 17.7 million in 2014. The cabin factor last year rose to 73.3% from 68.9% in 2014.
THAI has terminated some unprofitable routes including flights to Los Angeles and reduced its workforce among measures to get out of the red.
It suffered an operating loss of 18.1 billion baht in the first nine months of last year.