The flag carrier airline of Thailand, Thai Airways International Public Company Limited (THAI), and Thai state-owned oil and gas company, PTT Public Company Limited, have just signed a memorandum of understanding (MoU) to conduct a feasibility study on air cargo business partnership.
The purpose of this MoU is to conduct a feasibility study on partnership opportunities for freighters, cargo warehouses, commercial platforms, and other related businesses. PTT and THAI will partner to enhance business opportunities, distribution channel expansion, and future growth and development.
PTT aims to establish logistics infrastructure including land, water, and air freight delivery, as well as cargo management and digital platform development. Thanks to an experienced partner, PTT is set to become a full-service third-party logistics service provider. PTT and THAI will be significant contributors to enforcing Thai logistics businesses and establishing a South East Asia cargo hub in Bangkok.
The air cargo industry has continued to expand strongly in Thailand. Since the COVID-19 outbreak, THAI has operated its cargo business and chartered flights to deliver domestic and international agricultural and manufacturing produces, frozen food, electronic devices, car parts as well as types of products that require special care and attention such as medicines, and vaccines. As for the chartered flights, customers may select time and aircraft type to deliver their cargo on the routes to which THAI operates.
(Source: Thai Airways International Public Company Limited)