Thai Airways, Airbus ink MoU on opportunity assessment

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Deputy Prime Minister Somkid Jatusripitak chairs the signing ceremony of a memorandum of understating (MoU) between Thai Airways International Public Company Limited and Airbus.
Deputy Prime Minister Somkid Jatusripitak chairs the signing ceremony of a memorandum of understating (MoU) between Thai Airways International Public Company Limited and Airbus.

Thai Airways International Public Company Limited and Airbus on Friday, December 16, agreed to terms for the assessment of business opportunities in the Eastern Economic Corridor (EEC) of Thailand.

Deputy Prime Minister Somkid Jatusripitak chaired the signing ceremony of a memorandum of understating (MoU) between the flag carrier airline of Thailand and the world’s leading aircraft manufacturer. Both parties agreed that they would look into the potential of the aviation maintenance business in the EEC.

Under the MoU, the two companies will work together to set up a framework for seven potential activities such as the establishment of an aviation maintenance center, the establishment of an aviation maintenance training center, and the development of a smart repair center.

The agreement, however, is not legally binding.

After the ceremony, Somkid asked both companies to conduct feasibility studies on related projects as soon as possible and rank them by practicality, adding that he hopes to see these projects brought forth by the first quarter of 2018.