Why are Thai Airways leasing three Boeing 777-300ER aircraft?

Thai Airways is increasing its fleet by three this month regardless of going via an ongoing debt restructuring process. The airline is in the means of promoting forty five unused jets, but they’re leasing three Boeing 777-300ER aircraft this month. Two 777-300ERs, adorned with Thai Airways paint jobs, landed at Bangkok’s Suvarnabhumi airport on April 5 and one other is predicted to arrive later this month.
Why would Complete troubled airline, technically bankrupt, lease three new costly aircraft when it’s selling off ‘excess’ fleet, apparently not needed?
The aircraft will reportedly first be deployed on the airline’s Bangkok – London route and will later serve other long-haul flights. Thai Airways can pay the lessor a month-to-month rate that will additional be negotiated to meet the company’s monetary rehabilitation course of. Costs shall be calculated primarily based on what quantity of hours the aircraft shall be used.
Thai Airways already has sixteen of the Boeing 777-300ER (Extended Range) aircraft in its fleet, in addition to a fleet of current Airbus A350 plane that additionally serve the international long-range market with a twin-aisle plane and 300+ seats.

GRAPH: Thai Airways International fleet – Wikipedia
In 2021, the cash-strapped airline introduced plans to sell 45 planes, leaving them with simply fifty eight plane, and reduce practically a third of its workforce to economize. Since the Bankruptcy Court accredited the airline’s application for debt restructuring in 2020, the airline has attempted to generate money by opening an aeroplane food cafe, promoting old aircraft seats on Facebook live, promoting in-flight objects on their online yard-sale type shop and providing flight simulator sessions.
(Perhaps the airline pays for its new Boeing 777 leases with the 1 million baht it raised from selling unused plane seats in an public sale final week??)
The option to lease three new plane is a puzzling one… The Thaiger isn’t positive the airline actually needs the plane. The Bangkok Post reported that the plane will be used “to meet the growing demand for flights” since more vacationers are flying into Thailand after the current ease in entry requirements. The identical article additionally quotes the large variety of planes at present being offered, surplus to requirements.
The airline is hardly swamped with clients as complete traffic (measured in income passenger kilometres) continues to be down forty five.5% since February 2019. Also, there are presently plenty of parked up Thai Airways jets gathering mud at Suvarnabhumi airport. (The Thaiger estimates the number of parked, unused Thai Airways planes to be around 23-30 this week and does a ‘head count’ of the Thai Airways ‘graveyard’ twice per week.)
Flights into Thailand, as of the first week of April, are 80-90% down when compared with pre-2020 visitors.
Unless there’s something particular about these new-ish Boeing 777-300ERs being leased?
Well, Thai’s earlier Boeing 777s have featured a enterprise class cabin, but by no means a first class cabin. As well as state-of-the-art entertainment systems, the three leased plane are every equipped with eight seats in firstclass.
The Thaiger wonders who might be sitting in these first-class seats…

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