THAI to auction off 34 aging aircraft

14 Sept 00:25 Key points summarised by AI

Financially-distressed Thai Airways International will auction 34 aging aircraft, averaging 20 years old, to alleviate its financial burden.
The fleet includes various Airbus A340 and Boeing 747/777 models, with some A340s notably acquired for a past, financially unsuccessful non-stop route to the United States.
Twenty of the aircraft remain operational, while the rest have been decommissioned, with all sales conducted 'as-seen' without warranty.
Interested parties can submit bids via email until November 13th, as the airline continues its debt restructuring process after filing for bankruptcy protection.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.