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lh340jump
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TG finally sells some of its stored A340s

Fri Aug 26, 2022 9:09 am

abandoned at DMK for many years. Price seems low at less than US$ 10m for five A340s

https://www.nationthailand.com/business ... e/40019354
Last edited by atcsundevil on Fri Aug 26, 2022 4:50 pm, edited 1 time in total.
Reason: Title edited for clarity
 
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MrHMSH
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Re: TG finally sold the A340s

Fri Aug 26, 2022 9:21 am

Drat, they were nice-looking birds!

(Yes I know there was no hope, but still!)

 
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JannEejit
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Re: TG finally sold the A340s

Fri Aug 26, 2022 9:26 am

Who has bought them ? A scrapper ?
Last edited by JannEejit on Fri Aug 26, 2022 9:37 am, edited 1 time in total.
 
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CarbonFibre
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Re: TG finally sold the A340s

Fri Aug 26, 2022 9:29 am

Someone was watching them on ebay for months.
 
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Boeing757100
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Re: TG finally sold the A340s

Fri Aug 26, 2022 12:13 pm

Probably a scrapper sadly. If the planes were to be flown again I think the price would be higher because of maintenance and other related stuff
 
smi0006
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Re: TG finally sold the A340s

Fri Aug 26, 2022 12:51 pm

I love Thai - but fleet wise they are a hot mess.

The 340s were a disaster, as their stagnation for 13yrs, and now their sale seems the only positive.

Cherdphan said THAI has a plan to sell 14 more planes — six Boeing 777-300 planes, six Boeing 777-200 planes and two Airbus A380 planes.

I hold hope the simplify their fleet and strategy, but I suspect they won’t. Such a shame as they have huge potential with a disciplined strategy!
 
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N14AZ
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Re: TG finally sold the A340s

Fri Aug 26, 2022 12:56 pm

Strange, I saw my first A 340 in Frankfurt at the beginning of the 90’s. After it had touched down my view went to a B 707 in the background that had once served at a major airline (PA, TW, you name it..) and was now flying for a cargo airline, as almost all 707‘s. At that time I was convinced that history would repeat itself and all the brand new A 340‘s would end up as converted freighters. Hmm, seems as if I was wrong (again). :?
 
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N14AZ
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Re: TG finally sold the A340s

Fri Aug 26, 2022 1:01 pm

smi0006 wrote:
Such a shame as they have huge potential with a disciplined strategy!

Very true. Will have to travel to Laos in November and would prefer to fly with TG (rather than VN). But right now our organization does not allow us to make bookings for TG due to the pending insolvency procedure. Such a shame, their A 380 flights from Frankfurt were always packed.
 
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RyanairGuru
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Re: TG finally sold the A340s

Fri Aug 26, 2022 1:11 pm

Checks date. No it isn’t 2014.

After years in the humid conditions at DMK I doubt these are worth any more than coke cans. Surely corrosion would be too set in to be useful for parts?
 
Delaxio
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Re: TG finally sold the A340s

Fri Aug 26, 2022 1:13 pm

RyanairGuru wrote:
Checks date. No it isn’t 2014.

After years in the humid conditions at DMK I doubt these are worth any more than coke cans. Surely corrosion would be too set in to be useful for parts?


Maybe we can get cool plane tags out of them though!
 
Ellofiend
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Re: TG finally sold the A340s

Fri Aug 26, 2022 1:57 pm

Only been 8 years, a shocking marketing strategy, to say the least, especially considering VS had buyers at the door for theirs and they were considerably older and higher cycle rate at time of sale
 
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MrHMSH
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Re: TG finally sold the A340s

Fri Aug 26, 2022 2:16 pm

Ellofiend wrote:
Only been 8 years, a shocking marketing strategy, to say the least, especially considering VS had buyers at the door for theirs and they were considerably older and higher cycle rate at time of sale


TG and bad strategy? Say it isn't so!
 
Nimish
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Re: TG finally sells some of its stored A340s

Mon Aug 29, 2022 7:33 am

lh340jump wrote:
abandoned at DMK for many years. Price seems low at less than US$ 10m for five A340s

https://www.nationthailand.com/business ... e/40019354


I've flown both the 345 and the 346 on BKK-LAX-BKK and those were some incredible flights! BLR-BKK-KIX-LAX-SFO with a 22 hour STPC at BKK on the return leg :cloudnine:
 
ZK-NBT
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Re: TG finally sells some of its stored A340s

Mon Aug 29, 2022 7:47 am

Flew AKL-BKK-AKL in 2006 on a TG A346, almost brand new and very comfortable even in Y. Flew an antique but comfortable A3B6 BKK-DAC-BKK on the next leg.

Terrible configuration for just about any of TG’s routes bar maybe LHR/CDG/FRA with 8F 60J and only 199Y, they flew to AKL for 2.5 years before being swapped out for the more appropriately configured 77E.

A waste though, they could have removed half the J seats and maybe F as well and added 80-90Y which could have replaced some 744s etc.
 
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Polot
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Re: TG finally sold the A340s

Mon Aug 29, 2022 10:23 am

Ellofiend wrote:
Only been 8 years, a shocking marketing strategy, to say the least, especially considering VS had buyers at the door for theirs and they were considerably older and higher cycle rate at time of sale

It’s all about pricing expectations. Some Southeast Asian airlines have highly unrealistic expectations on what price they think they can get for their used planes, and refuse to entertain lower offers that actually reflect market value.

At this point with the planes sitting essentially abandoned for so long and TG desperate for any money they finally accepted scrap values.
 
lawair
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Re: TG finally sells some of its stored A340s

Mon Aug 29, 2022 11:52 am

The report linked by the OP quotes current management as saying that state enterprise status was what was limiting the flexibility with which TG could sell these planes, and since TG no longer has that status, they were finally able to be transparent and move on these sales.
 
MedFlyerArg85
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Re: TG finally sells some of its stored A340s

Mon Aug 29, 2022 1:28 pm

Hope Plus Ultra is taking note and get them
 
migair54
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Re: TG finally sold the A340s

Mon Aug 29, 2022 2:05 pm

smi0006 wrote:
I love Thai - but fleet wise they are a hot mess.

The 340s were a disaster, as their stagnation for 13yrs, and now their sale seems the only positive.

Cherdphan said THAI has a plan to sell 14 more planes — six Boeing 777-300 planes, six Boeing 777-200 planes and two Airbus A380 planes.

I hold hope the simplify their fleet and strategy, but I suspect they won’t. Such a shame as they have huge potential with a disciplined strategy!


They could get some good money out of the B777-300 if they are the correct type for cargo conversion, if they are old models, then it wont be easy to find a new home for them, I don't think the A380 will find a new home anytime soon, apparently for sale during years and nobody wanted them, same case with Malaysian airlines A380's.

MedFlyerArg85 wrote:
Hope Plus Ultra is taking note and get them

I don't think they can make them fly again commercially, too many years without proper care, I think Plus Ultra can make better business with other planes.
 
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FiscAutTecGarte
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Re: TG finally sold the A340s

Mon Aug 29, 2022 3:39 pm

N14AZ wrote:
Strange, I saw my first A 340 in Frankfurt at the beginning of the 90’s. After it had touched down my view went to a B 707 in the background that had once served at a major airline (PA, TW, you name it..) and was now flying for a cargo airline, as almost all 707‘s. At that time I was convinced that history would repeat itself and all the brand new A 340‘s would end up as converted freighters. Hmm, seems as if I was wrong (again). :?


Has anyone ever converted the 600 model of the A340 series to a freighter? That's a looooong bird.

Interesting that the planes lost money for years on truck routes from Bankok to NY and Bankok to LAX. Poor yield? They aren't that inefficient (<10% less than a 773ER?) are they?
 
TC957
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Re: TG finally sold the A340s

Mon Aug 29, 2022 4:19 pm

[quote="migair54"][quote="smi0006"]I love Thai - but fleet wise they are a hot mess.



They could get some good money out of the B777-300 if they are the correct type for cargo conversion, if they are old models, then it wont be easy to find a new home for them, I don't think the A380 will find a new home anytime soon, apparently for sale during years and nobody wanted them, same case with Malaysian airlines A380's.

The 773's in question are the non-er frames HS-TKA - TKF and must be high-cycle examples having spent their lives on regional routes and domestic services to CNX & HKT. Highly doubt any cargo operator would be interested.
 
TC957
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Re: TG finally sold the A340s

Mon Aug 29, 2022 4:23 pm

Has anyone ever converted the 600 model of the A340 series to a freighter? That's a looooong bird.

European AirCargo operates ex-VS A346's as freighters but without the cargo door installed.
Has a circa 92tonne capacity from what I've read.
 
Asiaflyer
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Re: TG finally sold the A340s

Mon Aug 29, 2022 8:39 pm

FiscAutTecGarte wrote:
N14AZ wrote:
Strange, I saw my first A 340 in Frankfurt at the beginning of the 90’s. After it had touched down my view went to a B 707 in the background that had once served at a major airline (PA, TW, you name it..) and was now flying for a cargo airline, as almost all 707‘s. At that time I was convinced that history would repeat itself and all the brand new A 340‘s would end up as converted freighters. Hmm, seems as if I was wrong (again). :?


Has anyone ever converted the 600 model of the A340 series to a freighter? That's a looooong bird.

Interesting that the planes lost money for years on truck routes from Bankok to NY and Bankok to LAX. Poor yield? They aren't that inefficient (<10% less than a 773ER?) are they?

Yes, very por yield. As SQ also flow direct to NYC and LAX, the competition was tough and TG sold biz class far below SQs price.. I went with TG to LAX a few times and always enjoyed it.
 
questions
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Re: TG finally sells some of its stored A340s

Mon Aug 29, 2022 10:10 pm

This is already being discussed in the Thai Airways News and Discussion Thread - 2022.

https://www.airliners.net/forum/viewtopic.php?f=3&t=1468625&start=50
 
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Velocity7
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Re: TG finally sells some of its stored A340s

Mon Aug 29, 2022 11:32 pm

They were a nice ride and so quiet, my favorite. Flew the TG 346 many times between MEL-BKK and BKK-ZRH. The angled flat beds in J weren't that comfortable when compared to todays offering but the service was always very good.
TG swapped MEL over to the 777-200ER at some point in 2008 which was such as shame
 
Nimda
Posts: 50
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Re: TG finally sold the A340s

Tue Aug 30, 2022 7:09 pm

FiscAutTecGarte wrote:
Has anyone ever converted the 600 model of the A340 series to a freighter? That's a looooong bird.

Interesting that the planes lost money for years on truck routes from Bankok to NY and Bankok to LAX. Poor yield? They aren't that inefficient (<10% less than a 773ER?) are they?

Actually it isn't just only poor yield. It is guaranteed to be losing even full pax

This is operating revenue for JFK and LAX from 2008 TG board meeting. Shocking that the load factor exceeds 100%. They blame the fuel prices which has significantly risen after the time they decided to purchase these birds and mismanaged seating config.

Image
https://forbesthailand.com/news/travel/ ... นล้าน.html
*Note: translation for the table data. The data shown are in Thai BE year (ex. 2547/2548 can be converted to Christian year by minus 543 to 2004/2005)
-Total round-flight operated
-revenue, fuel surcharge included (Million THB)
-operating cost (Million THB)
-loss (Million THB)
-fuel cost (Million THB)
-fuel cost to total cost (%)
-breakeven cabin factor
-fuel price
-exchange rate (THB/USD)




TC957 wrote:

The 773's in question are the non-er frames HS-TKA - TKF and must be high-cycle examples having spent their lives on regional routes and domestic services to CNX & HKT. Highly doubt any cargo operator would be interested.

Of course, Some frames even noted several issues like an unserviceable engine, probably the reason why those still waiting to be sold

Image
http://thaiaircrafttrading.com/aircraft ... T=B777-300
 
An225
Posts: 276
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Who bought TG's old A340's?

Thu Sep 01, 2022 2:54 pm

Hello all,
Flight Global has published an article regarding TG's success in selling five A340-600s and an A340-500 that were sitting grounded and decommissioned for over a decade, but did not name the buyers. In my honest opinion, this is really unexpected deal since these frames are very old, and probably need a major overhaul before being able to enter service at their new owner. Furthermore, these are quads while the whole industry is shifting to two engines aircraft only.

https://www.flightglobal.com/airlines/thai-finally-finds-buyer-for-five-stored-a340-600s/150008.article?utm_campaign=FG-AEROSPACE-PANDW-GORE-010922-JM&utm_medium=email&utm_source=newsletter&utm_content=FG-AEROSPACE-PANDW-GORE-010922-JM

Who in their right mind purchased these relics? I could imagine only those interested in tearing them down, but being so old frame which probably never took to the air during the decade of their decommissioning, what are the odds of their parts being worthwhile?
Maybe someone is interested in converting them into huge business jets? TG received only 13 million USD for the 6 frames which is very cheap for such a conversion project.

So, who do you think had enough interest in purchasing them, and for what reason?

Thanks,

An225
 
TC957
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Re: TG finally sells some of its stored A340s

Thu Sep 01, 2022 6:59 pm

These aircraft are not that old in the grand scheme of things but won't be in a great state having rested in Thailand hot, humid and seasonally wet climate all these years. I'm sure TG would have got a lot more $$$ for them if had been carefully stored in a dry desert.
I'm wondering if some dodgy central Asian outfit has bought them en route to Iran. Like how a few former VS birds ended up with Mahan.
 
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mercure1
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Re: Who bought TG's old A340's?

Thu Sep 01, 2022 7:16 pm

An225 wrote:

So, who do you think had enough interest in purchasing them, and for what reason?

Its pretty obvious and as mentioned in this thread prior. Its for scrapping.
 
smi0006
Posts: 3120
Joined: Wed Jan 16, 2008 7:45 am

Re: TG finally sells some of its stored A340s

Thu Sep 01, 2022 10:55 pm

TC957 wrote:
These aircraft are not that old in the grand scheme of things but won't be in a great state having rested in Thailand hot, humid and seasonally wet climate all these years. I'm sure TG would have got a lot more $$$ for them if had been carefully stored in a dry desert.
I'm wondering if some dodgy central Asian outfit has bought them en route to Iran. Like how a few former VS birds ended up with Mahan.


Why did TG not send them off to the desert? Was it purely optimising how quickly they would be sold? Or lack of funds to pay for the rent in the desert?

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