Thai Airways to Sell Unused/Under-Utilized Properties

Thai Airways International has unveiled plans to sell properties in Thailand and overseas which are unused or not fully utilized.

Mr. Charamporn Jotikasthira, Thai Airways’ President, said that property management is part of the company’s transformation plan in order to reduce repair and maintenance expenses.

The company’s properties that are up for sale are land, office buildings, and residences for staff in Thailand and overseas that are no longer necessary or are not fully utilized.

There are nine properties in Thailand that have been unused for several years and which the company has no plans to utilize them, including: Mae Hong Son, Phitsanulok, Udon Thani, Nan, Trang, Surat Thani, Phuket, and two properties in Hat Yai.

There are 10 overseas properties including staff residences in London, Jakarta, Copenhagen, and two properties in Singapore, sales offices in Sydney, Rome, Madrid, Hong Kong, and Penang.

Even though Thai Airways continues to serve these destinations, these buildings are no longer suitable for current business operations as the airline said that they are "either too large or not necessary and need repair that incur expense and administration".

In addition, the company also plans to adjust property utilization by allowing the rental of office space in its buildings.

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