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Thai Airways (OTC:TAWNF) Stock, Option Chain

Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company segments are Air Transport, Business Units, and Others. The air transport business focuses on the transportation of passengers, cargo, and mail, and utilizes scheduled and chartered flights to domestic and international destinations. The business units segment ensures all flights reach their destination on time and at the correct location, and offers support with cargo terminal handling, group equipment services, and catering services. The other segments include the sale of duty-free goods, the sale of souvenir products from the maintenance division, and the operation of subsidiaries. The majority of revenue originates from Asia from Air Transport.

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Rolls Royce&#39;s new profitability stance has led to some friction, and the Thai order marks the first public loss for the company due to this strategy.

Thai Airways Swaps Rolls-Royce For General Electric In Billion-Dollar Order For New Fleet

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Boeing Company (NYSE: BA) is reportedly poised to secure an exclusive widebody jet deal with Thai Airways International Public Co. (OTC: TAWNF), gaining an edge over Airbus SE (OTC: 

Boeing To Ink A Landmark Deal As Thai Airways Reportedly Favors 787 Dreamliner Over Airbus - Is Airbus&#39; Loss Boeing&#39;s Gain?

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THAI AIRWAYS INTL by Thai Airways International Public Co., Ltd.

Thai Airways International PCL

Thai Airways International Pcl (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TAWNF#OTC">TAWNF</a>) has decided to switch from Rolls-Royce Holdings Plc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RYCEY#OTC">RYCEY</a>) to General Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) for its next-generation widebody engines, dealing a blow to the UK company&#8217;s efforts to enhance profitability.
What Happened: The Bangkok-based airline announced an order for 45 Boeing Co. aircraft equipped with engines manufactured by GE, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-02-14/boeing-wins-orders-for-at-least-45-aircraft-from-thai-airways?srnd=premium-asia">reported</a> on Wednesday. The order also includes an unspecified number of options. This decision comes after Rolls-Royce faced public criticism from Thai Airways&#8217; CEO over pricing concessions in November.
Rolls-Royce has been striving to improve profitability under CEO Tufan Erginbilgic, leading to a tougher stance with customers on new deals. This approach has led to some friction, and the Thai order marks the first public loss for Rolls-Royce due to this strategy.
See Also: <a href="https://www.benzinga.com/news/24/02/37087382/spacex-will-bring-down-100-starlink-satellites-to-keep-space-safe-should-customers-be-worried?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">SpaceX Will Bring Down 100 Starlink Satellites To &#8216;Keep Space Safe&#8217; — Should Customers Be Worried?</a>
The new aircraft, which will be added to Thai Airways&#8217; fleet between 2027 and 2033, will not affect the airline&#8217;s ongoing repayment plans under its debt rehabilitation process.
Why It Matters: This move is a significant setback for Rolls-Royce, which is facing challenges in boosting profitability. The company&#8217;s approach to renegotiating existing contracts and taking a tougher line with customers on new deals has been met with resistance, as seen in the case of Thai Airways. 
For GE, this deal with Thai Airways comes at a crucial time, with the company&#8217;s <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/01/36735756/general-electrics-soft-guidance-sparks-concerns-as-ge-aerospace-and-ge-vernova-spin-">GE Aerospace and GE Vernova Spin-Off</a> nearing. The company&#8217;s fourth-quarter fiscal 2023 revenues of $19.4 billion, an increase of 15% year-over-year, and adjusted revenue of $18.5 billion (+13% Y/Y organically), had sparked concerns. 
On the other hand, Boeing has received a much-needed boost with this order from Thai Airways. 
In December, Boeing was reported to be on the verge of <a href="https://www.benzinga.com/markets/equities/23/12/36152216/boeing-to-ink-a-landmark-deal-as-thai-airways-reportedly-favors-787-dreamliner-over-airbus-is-ai">securing an exclusive widebody jet deal</a> with Thai Airways, with an announcement expected within weeks.
This development is being seen as a significant win for Boeing, especially in the wake of the intense scrutiny it faced over its manufacturing controls following an <a href="https://www.benzinga.com/news/24/02/36927036/boeing-737-max-deliveries-may-be-delayed-due-to-newly-discovered-quality-defects-report">accident on an Alaska Airlines flight</a>. 
Boeing has been facing a series of setbacks, including newly discovered <a href="https://www.benzinga.com/news/24/02/36927036/boeing-737-max-deliveries-may-be-delayed-due-to-newly-discovered-quality-defects-report">quality defects in its 737 MAX airplanes</a>, which could potentially lead to delivery delays. These challenges have raised concerns about Boeing&#8217;s <a href="https://www.benzinga.com/news/earnings/24/01/36844635/boeings-path-forward-q4-earnings-could-shed-light-on-ai-integration-production-targets">production targets and AI integration</a>, making each new deal and order all the more crucial for the company&#8217;s recovery.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/02/37032510/rivian-on-track-to-drive-higher-for-2nd-straight-session-whats-going-on-with-the-stock?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Rivian On Track To Drive Higher For 2nd Straight Session: What&#8217;s Going On With The Stock</a>
Image: Shutterstock/ Pawarin Prapukdee
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Boeing Company&nbsp;(NYSE:&nbsp;BA) is reportedly poised to secure an exclusive widebody jet deal with&nbsp;Thai Airways International Public Co.&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tawnf#OTC">TAWNF</a>), gaining an edge over&nbsp;Airbus SE&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/eadsf#OTC">EADSF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/eadsy#OTC">EADSY</a>), whose offer&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/12/36138537/why-aerospace-giant-boeing-shares-are-falling-today" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">was hindered by a deadlock with a crucial partner.</a>
Boeing is nearing a deal to sell up to 80 of its 787 Dreamliners, a combination of firm orders, options, and purchase rights, with an announcement expected within weeks, Bloomberg reported,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2023-12-08/boeing-ba-nears-big-thai-air-dreamliner-order-as-engine-standoff-sinks-airbus?sref=TBDibEcD" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">citing</a>&nbsp;sources familiar with the discussions.&nbsp;
Also See:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com//node/36150384" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Cathay Pacific Embarks On Billion-Dollar Airbus Deal For Freighters</a>
This deal would further boost the U.S. planemaker&#39;s sales momentum, following a significant $52 billion&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/11/35770679/emirates-reportedly-defers-airbus-a350-deal-citing-engine-durability-concerns-amid-boeing-triump" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">commitment secured from Emirates in Dubai last month.</a>
The potential loss of another substantial deal for its A350 jetliner highlights the commercial impact of Airbus&#39;s escalating tensions with&nbsp;Rolls Royce Holdings Plc&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/rllcf#OTC">RLLCF</a>), the exclusive engine supplier for this&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/09/34237619/carbon-free-skies-airbus-easyjet-and-rolls-royce-team-up-for-uks-hydrogen-aviation-revolution" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">flagship widebody aircraft.&nbsp;</a>
Airbus has experienced a shift in several prominent contracts to its U.S. rival, Boeing, following Rolls-Royce&#39;s firm stance on pricing.&nbsp;This situation has led to uncommon public criticisms from key customers such as Emirates and Thai Airways.
Read Next:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/12/36149991/apples-big-bet-on-india-reportedly-set-to-craft-25-of-global-iphones-in-the-south-asian-nation-w" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Apple&#39;s Big Bet On India - Reportedly Set To Craft 25% Of Global iPhones In The South Asian Nation Within 3 Years</a>
Price Action:&nbsp;BA shares are trading lower by 0.39% to $236.41 premarket on the last check Friday.&nbsp;
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Boeing To Ink A Landmark Deal As Thai Airways Reportedly Favors 787 Dreamliner Over Airbus - Is Airbus' Loss Boeing's Gain?

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