Thai Airways seeks buyers for 34 used planes as part of restructuring plan

SYDNEY, Nov 6 (Reuters) – Thai Airways International PCL said on Friday it was looking for potential buyers for 34 used Airbus SE and Boeing Co planes as part of its restructuring plan.

The sale of the planes, which are narrowbodied and widebodied aircraft that range between 12 and 28 years old, would require the bankruptcy court’s approval, the airline said in a statement.

Thailand’s bankruptcy court in September allowed Thai Airways to proceed with a plan to restructure 245 billion baht ($7.98 billion) of debt as fallout from the coronavirus pandemic added to woes at the airline, which has been struggling since 2012.

The airline said the sale of the planes would be consistent with its reorganisation plan, which would cut its fleet size as part of an effort to manage costs.

It is accepting expressions of interest in the 34 jets on a website. They include four-engined Airbus

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Thai Cabinet approves Parliament session to debate protests

BANGKOK – Thailand’s Cabinet on Tuesday approved a request to recall Parliament for a special session to deal with the political pressures from ongoing anti-government protests.

The Cabinet at its weekly meeting approved the request, which calls for a non-voting session on Oct. 26-27.

The request for the session came from House Speaker Chuan Leekpai, who said Monday that both government and opposition parties supported it. Prime Minister Prayuth Chan-ocha had already said earlier that he supports the move.

There is a deadlock between the government and the student-led protesters, who want Prayuth to step down, the constitution to be amended to make it more democratic, and reforms to the monarchy to have it conform to democratic norms.

The protesters charge that Prayuth, an army commander who led a 2014 coup, was returned to power unfairly in last year’s general election because laws had been changed to favour a pro-military

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