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Ex-PM Thaksin and 4 others face NACC probe for THAI’s purchase of 10 Airbus aircraft

Ex-PM Thaksin and 4 others face NACC probe for THAI’s purchase of 10 Airbus aircraft

13 Sept 23:51 Key points summarised by AI
  • Thailand's National Anti-Corruption Commission (NACC) has initiated an investigation into former Prime Minister Thaksin Shinawatra and four others.
  • The probe focuses on their collective role in the 2003/4 purchase of ten Airbus A340 aircraft, valued at approximately 53 billion baht.
  • This acquisition is blamed for significant financial losses at Thai Airways International (THAI), with the fleet incurring at least 39 billion baht in operational losses from 2005-2013, and cumulative losses from mismanagement exceeding 62 billion baht.
  • Further issues include 3.5 billion baht worth of unused reserve engines and poor maintenance of the decommissioned planes, severely hindering their potential resale.
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