Thai Airways International Public Company Limited has recently signed a lease agreement with CDB Aviation, a prominent Irish subsidiary of China Development Bank Financial Leasing Co., Ltd.
In a move to enhance its fleet capabilities and address the growing demands of the aviation market, Thai Airways becomes the newest Asia Pacific region customer for the global leasing company.
The deal involves the acquisition of two used widebody Airbus A330-300 aircraft, which will be delivered to the carrier in the second half of the year.
Strengthening Market Position
With the ever-increasing travel demand in key intra-Asian markets, the move to bolster its widebody fleet positions Thai Airways to efficiently cater to high seasons and accommodate the surge in passenger volumes.
Jie Chen, the Chief Executive Officer of CDB Aviation, expressed enthusiasm about welcoming Thai Airways to their expanding Asian Pacific customer base.
This strategic partnership is expected to fortify Thai Airways’ position in crucial markets, ensuring they stay competitive and responsive to the evolving needs of travelers.
Thai Airways Delivery Timeline
The two Airbus A330-300s are scheduled for delivery in September and October 2024. This timely acquisition aligns with the airlines’ proactive approach to meet market demands, particularly during peak seasons.
The introduction of these widebody aircraft also furthers Thai Airways’ move towards supporting enhanced capacity, and ensuring a seamless travel experience for passengers.
Meeting Rising Travel Demand
In a statement, Chen highlighted the prevailing high demand from airlines, driven by the scarcity of both new and used aircraft.
The move to expand the fleet is a strategic response to the growing passenger volumes and the overall industry’s need for additional capacity.
CDB Aviation’s commercial team remains dedicated to understanding and fulfilling the diverse needs of their customers, aiding them in overcoming immediate and long-term fleet challenges.
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