THAI aims to double fleet by 2033

Thai Airways International (THAI) is preparing to double its fleet to 150 aircraft by 2033 to tap Asia’s travel boom as the flag carrier's shares resumed trading on the Stock Exchange of Thailand (SET) after completing its five-year business rehabilitation and debt restructuring.

- NAREERAT WIRIYAPONG

The national carrier entered into a bankruptcy-protected restructuring in 2020 at the onset of the pandemic.

Since 2021, the state-controlled carrier has executed a comprehensive rehabilitation plan, transforming its business through fleet and organisational restructuring.

Upon its capital restructuring in December 2024, through debt conversion and capital injection, THAI increased its paid-up capital to 283 billion baht before it reduced capital in the first quarter of this year to offset accumulated losses.

As of March 2025, THAI’s paid-up capital was 36.7 billion baht with total liabilities of 242.3 billion. According to the SET, its revenue totalled 51.7 billion baht in the first three months with a net profit of 9.83 billion.