Southeast Asian Airlines Invest Heavily for Travel Surge
Thai Airways International and other Southeast Asian airlines are heavily investing in new aircraft to capitalize on the returning tourist demand. Thai Airways will increase its fleet from 70 to 96 airplanes by 2033 and complete its restructuring by end of 2024, which will allow it to relist on the Thai stock exchange. However, a pilot shortage poses a challenge to these expansions.
Thai Airways International and other airlines in Southeast Asia are investing significantly in new aircraft to meet the resurgence in tourism post-pandemic.
Thai Airways aims to expand its fleet from 70 airplanes in 2023 to 96 by 2033.
The airline plans to complete its restructuring by the end of 2024, one year ahead of schedule, and will relist on the Thai stock exchange.
This regional effort highlights the robust return of travel but is challenged by pilot shortages.