Thai Airways International Pcl and Airbus SE signed a joint venture agreement for a maintenance, repair and overhaul (MRO) facility, the carrier said on Friday.
The aviation maintenance hub will be set up at Thailand`s U-Tapao Airport, a joint civil-military airport near the country`s eastern seaboard, 150 kilometers east of Bangkok.
Thai Airways previously said that facility would cost about 11 billion baht ($338 million) of which the joint venture would pay 4 billion baht and the remaining would come from the Thai Navy`s budget.
The partnership is the latest MRO project for Thai Airways, which announced earlier this month it would begin servicing Rolls-Royce Trent engines.
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