THAI and PTT sign MoU on Air Cargo Feasibility Study


Thai Airways International Public Company Limited (THAI) and PTT Public Company Limited (PTT) have signed a memorandum of understanding (MoU) to conduct a feasibility study on air cargo business partnership. Mr Auttapol Rerkpiboon, PTT President and Chief Executive Officer, and Mr Suvadhana Sibunruang, Acting THAI Chief Executive Officer, signed the MoU at THAI’s Head Office on Vibhavadi Rangsit road. Mr Chansak Chuenchom, Senior Executive Vice President, Engineering and Infrastructure, and Mrs Varangkana Luerojvong, THAI Chief, Aviation Business Unit, were present to witness the signing. Also present at the ceremony as guests of honour were Mr Piyasvasti Amranand, THAI Chairman of the Plan Administrators, Mr Siri Jirapongphan, THAI Plan Administrator and Mr Chansin Treenuchagron, THAI Plan Administrator.

Mr Sibunruang said the air cargo industry has continued to expand with a high growth tendency. 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. 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, a highly competent organization with extensive businesses, and THAI would partner to enhance business opportunities, distribution channel expansion, and favourable business relations for synergy, future growth and development. This partnership also aims to boost the recovery of the national economy, support the National Strategy, and strengthen Thailand’s position as a regional cargo hub.

Mr Rerkpiboon said PTT strives for innovation and business opportunities to prepare for global competition with its vision of “Powering Life with Future Energy and Beyond.” PTT aims to establish logistics infrastructure, including land, water, and air freight delivery, as well as cargo management and digital platform development. Thanks to the partnership with an experienced partner, PTT is set to become a full-service third-party logistics service provider. In addition, PTT and THAI will be significant contributors to establishing a Southeast Asia cargo hub in Bangkok, which would sustainably elevate the Thai economy and people’s living standards.

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Ryan is the Digital Marketing and Content Creation Manager for Trade and Logistics Siam Ltd. He provides a creative flair to the team and his resourcefulness helps to bring an imaginative improvement to both literary archetypes and online content production. A writer by day and a rider by night, when he's not composing the latest logistics news update or creating compelling copy for our clients, Ryan spends his free time travelling Thailand by motorbike.