Thai Airways announces the sale of assets gradually Hoping to increase liquidity
February 24, 2021 at 6:30 a.m.
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Thai Airways continues to sell 4 assets after the bankruptcy court green light Both shares – aircraft – Laksi training center Hope to support the position to generate additional cash income during COVID period.
Mr. Chansilp Treynuchakorn, Acting President of Thai Airways International Public Company Limited, revealed that the situation of the coronavirus epidemic has affected all airlines. Including Thai Airways is unable to fly normally In addition, the global airline business is faced with a severe contraction crisis. From international travel restrictions Resulting in the Company’s cash flow Continuous decline Until not enough that the company Will return to start flying
Although the company He has put in his best efforts to earn money from many ways, such as arranging a flight to get Thai people back home. Cargo flight And generating additional income from non-aviation business units, such as revenue from the restaurant business of the Aviation Kitchen Airline service, customer ground customer service and ground equipment service, technician department, as well as revenue from sales of products in Thai Shop and commercial tour of the royal capital.
However, a petition was filed with the Central Bankruptcy Court asking for permission to sell some of the assets that are not the main assets necessary for the debtor’s aviation business. Or is an unused property Or if kept, but will only be depreciated As well as increasing maintenance costs in the amount of 4 items: 1. Nok Air’s shares; 2. Shares of Bangkok Aviation Fuel Service Public Company Limited.
3. Engines of Boeing 737-400 aircraft that are not in use (number of five engines) and 4. Laksi Training Center Building The Bankruptcy Court made an inquiry and issued an order allowing the property to be sold. Under the supervision of the official receiver is completed
Mr. Chansilp said the company had to announce the sale of the Laksi Training Center building in Bangkok. Because in the work of flying in each flight The company is required to have a certain amount of money. Ready to pay to the seller of goods or to provide services This is the cost associated with flying on that flight as the situation of the COVID-19 epidemic resolves and restrictions on the opening of the airspace of Thailand and abroad have made it possible to fly.
However, if the company is unable to return to fly In addition to the company Will lose the opportunity to generate income from the airline business Which is the main business that the Company Already strong It may also lose the right to fly and flight schedule (Flight Slot) in various countries, which is considered one of the unvaluable assets which are essential to the Company’s business operation.
If allowing such damage Will make the company Lost their competitiveness permanently And it certainly has an impact on the opportunity for the Company’s business rehabilitation. However, the proceeds from the sale of such property will be used in the business of aviation. To extend and generate income for the company Or use it in business operations within the scope of the legal proceedings.
For office building, training center, Laksi area It is one item of assets that have been sold under the order of the bankruptcy court in the business rehabilitation case of the Company. The sale will be done by submitting an envelope for bidding. The company offers land and building at Laksi Training Center. Excluding items that are not land and building components And exclude other movables of the company in the building area The offer is for sale in the current nature and condition (“as is-where is”), that is, the bidder must not demand the Company to construct, modify or demolish any buildings and structures on the land and Laksi training center
The Laksi Training Center Building Is located at 425 Talat Bang Khen (Don Mueang), Bang Khen District, Bangkok. Total area of 19 rai, 3 ngan, 26 square wah or 7,926 square wah, interested persons can contact TOR from today – 25 February 2021 and during 1 – 26 March 2021 by email to [email protected]. And can request to see the real estate area Between 1 – 26 March 2021 and will arrange a bid envelope submission on April 1, 2021 from 9:00 a.m. – 4:00 p.m. at the Purchasing Service Center, Building 3, Floor 1, Thai Airways Head Office and will announce the results of selection. Know on 16 April 2021
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