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THAI to auction off in-flight items, lease out office buildings to generate income

14 Sept 04:54 Key points summarised by AI

Thai Airways (THAI) is actively seeking to generate crucial revenue by utilizing its existing assets amidst severe operational limitations due to COVID-19 restrictions.
The airline plans to auction off an estimated one billion baht worth of in-flight items and various assets, including kitchenware, seat covers, and aircraft tyres, stored in its warehouses.
THAI will also lease out three of its office buildings, including its head office and the Rak Khun Thao Fah building, with the Civil Aviation Authority of Thailand showing interest in renting the air crew centre.
These initiatives are part of a broader strategy to stabilize finances while a rehabilitation plan for the financially-strapped carrier is being finalized.

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.