Thai Airways to press ahead with maintenance facility after Airbus withdraws [Reuters]
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Source: Reuters
Thai Airways to press ahead with maintenance facility after Airbus withdraws BANGKOK (Reuters) - State-owned Thai Airways International Pcl ( THAI.BK ) will press on with a project to build a $339 million maintenance facility east of Bangkok after partner Airbus ( AIR.PA ) dropped out due to the coronavirus outbreak, a senior official said on Monday. Airbus has asked not to participate in the investment, citing the impact of the COVID-19 situation on air travel, Deputy Secretary-General for Infrastructure in the Eastern Economic Corridor (EEC) Chokchai Panyayong told a news briefing. The project to build the maintenance, repair and overhaul (MRO) facility is a necessity for Thai Airways and so it will move forward, either on its own or with a partner, Chokchai said, adding that Airbus would still cooperate on technology. The European planemaker on Monday issued a bleak assessment on the impact of the coronavirus, telling the company’s 135,000 employees to brace for potentially dee
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