Thai Airways and oil company PTT seek to exploit the cargo market

Thai Airways, the airline of Thailand, will partner with state-owned oil company PTT to expand its cargo services division. They will seek to become leaders in the region.

The two companies will conduct a year-long feasibility study to determine if the integration is possible. Suvadhana Sibunruang, Acting CEO of THAI, said, “A team has been formed to examine the joint business potential of the companies.”

The airline has extensive experience in providing cargo services for the industrial and agricultural sectors. He has also – especially in recent years – accumulated experience in the transport of vaccines and medicines in general. Due to the restrictions imposed by the pandemic, it had to operate cargo flights using its passenger planes.

Thai has a fleet of 43 wide-body aircraft: twelve A350-900s, twenty-three 777s (-200 and -300) and eight 787s (-8 and -9).

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As reported by the Bangkok Post, Suvadhana and Auttapol Rerkpiboon – CEO and President of the PTT – signed a memorandum of understanding last Friday (May 13). This is the beginning of an exchange between companies that will seek to generate synergies between their divisions.

According to Suvadhana, in April this year, the number of cargo flights operated by the airline increased by 120%. While in March it operated 39 flights, in April that number rose to 87. Of these, 78 were to China and the rest to India.

Auttapol, meanwhile, said PTT’s expertise in ground cargo handling and warehouse logistics can be valuable to Thai Airways’ business. “We will seek to integrate all types of transport. We want to make Thailand the logistics hub of Southeast Asia,” he said.

The oil company has been awarded the third phase of developing the deep water ports of Laem Chabang in Chon Buri and Map Ta Phut in Rayong. According to the executive, these projects could benefit from possible cooperation with THAI.

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