THAI turns down plane sale to AvCon | Bangkok Post: Most recent

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THAI turns down plane sale to AvCon

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The Thai Airways (THAI) board has resolved not to sell its decommissioned aircraft to a British firm representing a Saudi Arabian prince and ordered a study of whether to reuse them. 

Authorities are considering possibilities to make use of the planes and will propose the finding to the board by next month, THAI executive vice-president Teerapol Chotichanapibal said.

The board's decision was made last month, though AvCon Worldwide Ltd put down a deposit of US$2.5 million (nearly 79 million baht) for one of four decommissioned Airbus A340-500s under the company's plan to acquire them, according to a source on the THAI board.

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