Thai Airways will sell off 42 planes and reduce its workforce by almost one-third as it continues restructuring the business. Piyasvasti Amranand, head of the restructuring efforts, said planes being sold are older less efficient models and it will return 16 jets to lessors.
That will leave Thai Airways with a fleet of 58 planes. The workforce will be cut from from 21,300 to 14,500 by December 2022. The airline is in talks with the government for an additional THB25 billion loan.
