Thai Airways International backs out of agreed airplane sale to Saudi prince | Bangkok Post: news

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THAI backs out of sale to Saudi prince

Failed plane deal set to further sour ties

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Thai Airways International (THAI) is locked in a dispute over a deal to sell one of four decommissioned aircraft to a British company representing a Saudi Arabian prince. 

The workhorse Airbus A340-500 series was so well known that models of the Thai International Airways aircraft are available worldwide via a number of websites. (Photo from Eztoys.com)

The national carrier, which claims it had no idea Prince Faisal al-Saud was involved in the deal, insisted it will not proceed with the sale despite earlier accepting a US$2.5 million (79.5 million baht) deposit.

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