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