Airbus and THAI signed an agreement to jointly invest in the project in June last year. The two organisations are currently discussing details under the joint venture deal. THAI president Sumeth Damrongchaitham said the EEC policy committee has made it clear that Airbus must submit proposals to THAI for the establishment of the joint venture within a month or by June 7. Referring to THAI's plan to acquire new planes, which are worth 156 billion baht, Mr Sumeth said the airline is in the process of submitting it to the Transport Ministry for consideration. "The leased planes must be used for at least six years so as to break even," said Mr Sumeth.

Source: Bangkok Post May 17, 2019 23:48 UTC