Thai Airways International is awaiting government approval to buy 38 new aircraft to replace older planes that will be gradually decommissioned over the next 10 years.
The carrier has attributed recent heavy losses to the cost of maintaining its ageing fleet.
It’s hoped the first batch of 31 new planes would arrive over the next five years, allowing THAI to explore new routes.
THAI in March reported total revenue of Bt200.58 billion (US$6.3bn), and a net loss of Bt11.62 billion for 2018 year-end, higher than its Bt2.10 billion net loss in 2017.
Last year, 24.3 million passengers flew with THAI, a 1% drop from the previous year. Load factor averaged 77.6%, a decrease from 79.2% in 2017.