Army urged to confiscate airship bond | Bangkok Post: news

News > Security

Army urged to confiscate airship bond

- +

The army should seize a contract guarantee worth about 15 million baht from a US supplier which sold it a 350 million baht airship as the company has failed to take care of it, an army source says. 

Under the purchase contract, the army can seize the contract guarantee, which comes to 5% of the airship's cost, or about 15 million baht, if the supplier fails to take care of its product; the airship's performance is unsatisfactory; or the airship causes any problems, the source said yesterday.

His comments came after the army revealed that it had hired Worldwide Aeros for 50 million baht to repair the airship, which has not flown since its procurement.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

4 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments