BOI recognizes the importance of the aerospace industry and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
Strategically located at the heart of Asia, Thailand aptly serves investors as a dynamic gateway to a fast growing economic market. Our growing economy, world-class infrastructure, competitive human capital and strong government support, are responsible for our key position as one of the most attractive investment destinations for foreign investors.
BOI recognizes the importance of aerospace industry and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
The document discusses Thailand's growing role as a key logistics hub in ASEAN. It notes that Thailand has extensive multimodal transport networks and its central location has made it a manufacturing powerhouse able to meet rising regional demand for cross-border logistics. The development of economic corridors and emphasis on infrastructure is improving connectivity. The Thai government supports expanding Thailand's logistics systems through incentives and the Master Plan on ASEAN Connectivity aims to further regional transport facilitation. Thailand's strategic location and efforts to decrease logistics costs position it to emerge as a major ASEAN logistics center.
The document discusses Thailand's growing aerospace industry and the Thai government's support for it. It notes that Thailand's aviation market is growing rapidly due to increases in tourism and low-cost airlines. The government has implemented plans to develop an Aerospace Industrial Estate to attract aerospace manufacturers and MRO companies. Companies like Airbus, Boeing, and Chromalloy have invested in Thailand due to factors like available skilled labor, strategic location, and existing industrial base. The BOI is supporting the industry by creating digital systems to streamline investment application and approval processes.
BOI recognizes the importance of automation and robotics and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
Thailand has established itself as a major aviation hub and aircraft maintenance center in Southeast Asia. The country's aviation industry has grown rapidly in recent decades, supported by Thailand's strategic geographic location and development of airports like Suvarnabhumi International Airport. This has attracted numerous aircraft maintenance companies to Thailand to service the growing commercial and cargo aircraft traffic in the region. The aircraft maintenance industry is expected to continue expanding significantly to capture projected growth in regional air travel.
Thailand is positioning itself as a global food innovation hub by investing 10 billion baht in a Food Innopolis Project. The Thai food industry contributes 23% to GDP and food exports were 897 billion baht in 2015, led by rice, sugar, chicken, tuna and shrimp. Thailand has strengths such as year-round production, food expertise, quality workforce and standards. The government aims to support innovation and link private sectors through the Food Innopolis to grow in the global market. Thailand also has a flourishing halal industry valued at 200 billion baht annually, and the government has a 5-year plan to become a top 5 exporter of halal products and services.
Thailand has become a major regional hub for aircraft service and maintenance due to steady growth in air travel and cargo volumes. Several factors have contributed to Thailand's development as an aircraft service center, including its large international airports, a growing aviation industry, and government support for developing the aerospace sector. Major aircraft maintenance companies have operations in Thailand taking advantage of its strategic location, infrastructure, and workforce.
Strategically located at the heart of Asia, Thailand aptly serves investors as a dynamic gateway to a fast growing economic market. Our growing economy, world-class infrastructure, competitive human capital and strong government support, are responsible for our key position as one of the most attractive investment destinations for foreign investors.
BOI recognizes the importance of aerospace industry and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
The document discusses Thailand's growing role as a key logistics hub in ASEAN. It notes that Thailand has extensive multimodal transport networks and its central location has made it a manufacturing powerhouse able to meet rising regional demand for cross-border logistics. The development of economic corridors and emphasis on infrastructure is improving connectivity. The Thai government supports expanding Thailand's logistics systems through incentives and the Master Plan on ASEAN Connectivity aims to further regional transport facilitation. Thailand's strategic location and efforts to decrease logistics costs position it to emerge as a major ASEAN logistics center.
The document discusses Thailand's growing aerospace industry and the Thai government's support for it. It notes that Thailand's aviation market is growing rapidly due to increases in tourism and low-cost airlines. The government has implemented plans to develop an Aerospace Industrial Estate to attract aerospace manufacturers and MRO companies. Companies like Airbus, Boeing, and Chromalloy have invested in Thailand due to factors like available skilled labor, strategic location, and existing industrial base. The BOI is supporting the industry by creating digital systems to streamline investment application and approval processes.
BOI recognizes the importance of automation and robotics and offers a wide range of tax and non-tax incentives for projects that meet national development objectives.
Thailand has established itself as a major aviation hub and aircraft maintenance center in Southeast Asia. The country's aviation industry has grown rapidly in recent decades, supported by Thailand's strategic geographic location and development of airports like Suvarnabhumi International Airport. This has attracted numerous aircraft maintenance companies to Thailand to service the growing commercial and cargo aircraft traffic in the region. The aircraft maintenance industry is expected to continue expanding significantly to capture projected growth in regional air travel.
Thailand is positioning itself as a global food innovation hub by investing 10 billion baht in a Food Innopolis Project. The Thai food industry contributes 23% to GDP and food exports were 897 billion baht in 2015, led by rice, sugar, chicken, tuna and shrimp. Thailand has strengths such as year-round production, food expertise, quality workforce and standards. The government aims to support innovation and link private sectors through the Food Innopolis to grow in the global market. Thailand also has a flourishing halal industry valued at 200 billion baht annually, and the government has a 5-year plan to become a top 5 exporter of halal products and services.
Thailand has become a major regional hub for aircraft service and maintenance due to steady growth in air travel and cargo volumes. Several factors have contributed to Thailand's development as an aircraft service center, including its large international airports, a growing aviation industry, and government support for developing the aerospace sector. Major aircraft maintenance companies have operations in Thailand taking advantage of its strategic location, infrastructure, and workforce.
Thailand defines International Business Centers (IBC) as a company incorporated in Thailand that provides managerial, technical, support, or financial management services to its associated enterprises, whether located in Thailand or overseas.
The document discusses developments in Thailand's automation, robotics, and industrial subcontracting industries. It summarizes SUBCON Thailand 2016, an annual international industrial subcontracting and business matching event. The event facilitates business partnerships and matches over 350 industrial subcontractors with buyers from 18 countries. Recent editions have resulted in over $224 million in transactions. The document also discusses growth in Thailand's automation and robotics industries, highlighting opportunities in key sectors like automotive and electronics. The Board of Investment provides incentives for investments in future industries like automation.
The document discusses Thailand's efforts to become the number 1 medical hub of Asia. It notes that Thailand already has a strong healthcare infrastructure and reputation for skilled medical professionals. The Thai government is supporting policies to strengthen Thailand's position as a regional medical hub through its Thailand 4.0 policy and 2016-2025 Strategic Plan. Factors like rising healthcare demand from Thailand's aging population, strong medical facilities, and attractive investment incentives are also helping Thailand become the top medical hub in the region.
Strategically located at the heart of Asia, Thailand aptly serves investors as a dynamic gateway to a fast growing economic market. Our growing economy, world-class infrastructure, competitive human capital and strong government support, are responsible for our key position as one of the most attractive investment destinations for foreign investors.
Thailand serves as an economic hub of Asia by virtue of its strategic location in the heart of the AEC benefiting production, trade, exports, and logistics. The country borders Cambodia, Laos, Myanmar, and is a short distance from Vietnam, countries known as CLMV, which are undergoing rapid growth. Thailand is therefore one of the most suitable investment destinations - connecting Asia to the world.
Thailand's electrical and electronics industry saw high export growth in 2015, contributing significantly to the country's GDP. The industry has expanded greatly over the past 50 years, establishing Thailand as a leading production base in Southeast Asia. In 2015, exports from the electrical and electronics sector totaled over $54 billion, with hard disk drives and air conditioners being major exports. The government's infrastructure development plan and promotion of clusters are supporting further investment and growth opportunities in promising subsectors like smart devices. KV Electronics is one example of a company that has grown substantially over 30 years in Thailand by embracing innovation and new technologies like Industry 4.0.
The document discusses Thailand's efforts to transform its economy through Thailand 4.0 and the Eastern Economic Corridor project. Thailand 4.0 aims to shift Thailand from a production-based to an innovation-based economy by promoting technology and smart industries. A key part of this is the development of the Eastern Economic Corridor, which will develop 3 eastern provinces into a leading economic zone through infrastructure upgrades and by targeting 10 industries for technology-intensive development, such as automotive, electronics, agriculture and more. The massive investment aims to bring more investment and establish Thailand as an ASEAN hub.
This document discusses Thailand's efforts to promote growth in the agriculture and biotechnology sectors. It outlines Thailand's plans to reform agriculture through "smart farming" initiatives like improved crop zoning, learning centers, and encouraging farmers to meet market demand. It also details Thailand's biotechnology development plan, which aims to turn economic crops into high-value products and diversify into areas like bioenergy, bioplastics, foods and pharmaceuticals. The government is supporting these sectors through funding, infrastructure and tax incentives to establish Thailand as a biotech leader in Asia.
This document summarizes Thailand's efforts to transition its economy to Thailand 4.0 by focusing on innovation and technology. It outlines 10 targeted industries for development and 5 new growth engines. It then discusses an upcoming event called "Opportunity Thailand" organized by the Board of Investment to promote Thailand's policies and attract investors as the country transitions to the new economic model. The event will feature speeches from government officials and a panel discussion with CEOs on opportunities and challenges in industries like aerospace, automation/robotics, and medical devices.
Thailand is already a significant market for industrial robots. In
2017, Thailand was the 3rd largest market in ASEAN and, by 2018, it was estimated to have become the 2nd largest. Recognizing the importance of automation and robotics, the Thai government has implemented various measures to promote the growth of these key industries. The use of industrial robots in the country is therefore expected to continue growing.
The document discusses Thailand's growing bioeconomy sector. It notes that bioeconomy is one of Thailand's targeted industries and part of its new "S-curve" strategy to create a more sustainable economy. The government and private sector have created a master plan to develop Thailand's bioeconomy, with goals of doubling GDP contribution within 5-10 years and increasing value from sugarcane and cassava. Thailand aims to become the "bio hub" of ASEAN by focusing on sustainable agriculture and establishing the country's first biorefinery complex in 2018 to produce biofuels, biochemicals, and other products from sugarcane and cassava. Foreign investors remain upbeat on Thailand's bioeconomy prospects.
Thailand has a well-established automotive industry that accounts for 12% of its GDP. With over 50 years of development and support from government and private sectors, Thailand is now Southeast Asia's largest automotive producer and a top global producer. To promote green automotive technology, the government worked with industry on a master plan to develop Thailand as a global green automotive hub. The country has a strong local supply chain with over 2,000 automotive parts suppliers. Major automakers like Toyota, Honda, and Ford have production facilities in Thailand, taking advantage of its strategic location, infrastructure, and business-friendly environment.
Presentation file on "Thailand: An ASEAN Hub, A World of Opportunities" by Ms. Ajarin Pattanapanchai, Senior Executive Investment Advisor, Thailand Board of Investment, May 21, 2015 at the Royal Thai Consulate, Chicago
The document discusses Thailand's growing automotive industry and transition to next-generation automotive. It notes that Thailand has been a major global automotive hub for decades and is the largest automotive manufacturer in ASEAN. It is targeting producing 3.5 million vehicles annually by 2020. The article defines next-generation automotive as electric, hybrid, and other environmentally friendly vehicles. It highlights Thailand's ambitions and initiatives to support the transition to electric vehicles and develop related infrastructure like charging stations to support over 1.2 million EVs by 2036.
Thailand aims to establish itself as ASEAN's center of excellence for electric vehicles (EVs) by 2035. The government has introduced a master plan to transform Thailand's automotive industry and develop supporting EV infrastructure over the next 15 years. Key goals include having EVs account for one-third of new car sales by 2030 and establishing Thailand as a manufacturing hub for EVs and batteries. The Board of Investment is offering various tax incentives to attract investment in EV production and related industries. Thailand sees developing a comprehensive EV ecosystem as crucial to achieving its environmental and economic goals.
Airports of Thailand: Aviation Industry in Thai State EnterpriseTanade Sirinumas
A Term Project Submitted in Partial Fulfillment of the Requirements of 1210332 Aviation Industry in Thai State Enterprise Course,
Mae Fah Luang University
First Semester, 2015
The document discusses Thailand's growing healthcare industry and potential to become Asia's medical hub. It notes Thailand's world-class medical facilities, affordable prices, and reputation for quality healthcare have made it a top medical tourism destination. The healthcare sector sees strong growth in areas like pharmaceuticals and medical devices. The government supports the industry through funding and incentives from the Board of Investment. Thailand aims to further develop its leadership in medical services and as a production hub for pharmaceutical and medical companies in Asia.
The document summarizes port development projects at Laem Chabang Port in Thailand. It outlines plans to expand the port's capacity through three phases, with Phase III construction planned from 2017-2022 to accommodate growing throughput. It also details two specific projects - a single rail transfer operator project to increase rail transport volume, and a coastal terminal project to serve coastal and inland shipping. Both projects are slated to begin operations in 2017 after construction from 2016-2017.
A term project submitted in partial fulfillment of the requirements of 1210327 Thai Aviation Business in Global Aviation Industry course,
Mae Fah Luang University,
First semester, 2014
Aviation as an industry is structurally extremely unattractive. It is very difficult to make profit in this industry. The industry is, weighed down by regulations, and influenced by several uncontrollable factors. The combined effect of these factors is historically the industry has never earned a rate of return above its investors’ capital; in fact, it has destroyed more money than it has created. The main objective of the paper is to highlight the major characteristics of the industry. Factors such as cost of oil or security have direct impact on operational effectiveness and risk management of an airline company. Factors such as natural disasters or health emergencies and socio-political culture of a country too affect the financial health of the industry. The paper deals with the Indian Civil Aviation Industry. This paper is a theoretical review. by providing some suggestions.
Thailand defines International Business Centers (IBC) as a company incorporated in Thailand that provides managerial, technical, support, or financial management services to its associated enterprises, whether located in Thailand or overseas.
The document discusses developments in Thailand's automation, robotics, and industrial subcontracting industries. It summarizes SUBCON Thailand 2016, an annual international industrial subcontracting and business matching event. The event facilitates business partnerships and matches over 350 industrial subcontractors with buyers from 18 countries. Recent editions have resulted in over $224 million in transactions. The document also discusses growth in Thailand's automation and robotics industries, highlighting opportunities in key sectors like automotive and electronics. The Board of Investment provides incentives for investments in future industries like automation.
The document discusses Thailand's efforts to become the number 1 medical hub of Asia. It notes that Thailand already has a strong healthcare infrastructure and reputation for skilled medical professionals. The Thai government is supporting policies to strengthen Thailand's position as a regional medical hub through its Thailand 4.0 policy and 2016-2025 Strategic Plan. Factors like rising healthcare demand from Thailand's aging population, strong medical facilities, and attractive investment incentives are also helping Thailand become the top medical hub in the region.
Strategically located at the heart of Asia, Thailand aptly serves investors as a dynamic gateway to a fast growing economic market. Our growing economy, world-class infrastructure, competitive human capital and strong government support, are responsible for our key position as one of the most attractive investment destinations for foreign investors.
Thailand serves as an economic hub of Asia by virtue of its strategic location in the heart of the AEC benefiting production, trade, exports, and logistics. The country borders Cambodia, Laos, Myanmar, and is a short distance from Vietnam, countries known as CLMV, which are undergoing rapid growth. Thailand is therefore one of the most suitable investment destinations - connecting Asia to the world.
Thailand's electrical and electronics industry saw high export growth in 2015, contributing significantly to the country's GDP. The industry has expanded greatly over the past 50 years, establishing Thailand as a leading production base in Southeast Asia. In 2015, exports from the electrical and electronics sector totaled over $54 billion, with hard disk drives and air conditioners being major exports. The government's infrastructure development plan and promotion of clusters are supporting further investment and growth opportunities in promising subsectors like smart devices. KV Electronics is one example of a company that has grown substantially over 30 years in Thailand by embracing innovation and new technologies like Industry 4.0.
The document discusses Thailand's efforts to transform its economy through Thailand 4.0 and the Eastern Economic Corridor project. Thailand 4.0 aims to shift Thailand from a production-based to an innovation-based economy by promoting technology and smart industries. A key part of this is the development of the Eastern Economic Corridor, which will develop 3 eastern provinces into a leading economic zone through infrastructure upgrades and by targeting 10 industries for technology-intensive development, such as automotive, electronics, agriculture and more. The massive investment aims to bring more investment and establish Thailand as an ASEAN hub.
This document discusses Thailand's efforts to promote growth in the agriculture and biotechnology sectors. It outlines Thailand's plans to reform agriculture through "smart farming" initiatives like improved crop zoning, learning centers, and encouraging farmers to meet market demand. It also details Thailand's biotechnology development plan, which aims to turn economic crops into high-value products and diversify into areas like bioenergy, bioplastics, foods and pharmaceuticals. The government is supporting these sectors through funding, infrastructure and tax incentives to establish Thailand as a biotech leader in Asia.
This document summarizes Thailand's efforts to transition its economy to Thailand 4.0 by focusing on innovation and technology. It outlines 10 targeted industries for development and 5 new growth engines. It then discusses an upcoming event called "Opportunity Thailand" organized by the Board of Investment to promote Thailand's policies and attract investors as the country transitions to the new economic model. The event will feature speeches from government officials and a panel discussion with CEOs on opportunities and challenges in industries like aerospace, automation/robotics, and medical devices.
Thailand is already a significant market for industrial robots. In
2017, Thailand was the 3rd largest market in ASEAN and, by 2018, it was estimated to have become the 2nd largest. Recognizing the importance of automation and robotics, the Thai government has implemented various measures to promote the growth of these key industries. The use of industrial robots in the country is therefore expected to continue growing.
The document discusses Thailand's growing bioeconomy sector. It notes that bioeconomy is one of Thailand's targeted industries and part of its new "S-curve" strategy to create a more sustainable economy. The government and private sector have created a master plan to develop Thailand's bioeconomy, with goals of doubling GDP contribution within 5-10 years and increasing value from sugarcane and cassava. Thailand aims to become the "bio hub" of ASEAN by focusing on sustainable agriculture and establishing the country's first biorefinery complex in 2018 to produce biofuels, biochemicals, and other products from sugarcane and cassava. Foreign investors remain upbeat on Thailand's bioeconomy prospects.
Thailand has a well-established automotive industry that accounts for 12% of its GDP. With over 50 years of development and support from government and private sectors, Thailand is now Southeast Asia's largest automotive producer and a top global producer. To promote green automotive technology, the government worked with industry on a master plan to develop Thailand as a global green automotive hub. The country has a strong local supply chain with over 2,000 automotive parts suppliers. Major automakers like Toyota, Honda, and Ford have production facilities in Thailand, taking advantage of its strategic location, infrastructure, and business-friendly environment.
Presentation file on "Thailand: An ASEAN Hub, A World of Opportunities" by Ms. Ajarin Pattanapanchai, Senior Executive Investment Advisor, Thailand Board of Investment, May 21, 2015 at the Royal Thai Consulate, Chicago
The document discusses Thailand's growing automotive industry and transition to next-generation automotive. It notes that Thailand has been a major global automotive hub for decades and is the largest automotive manufacturer in ASEAN. It is targeting producing 3.5 million vehicles annually by 2020. The article defines next-generation automotive as electric, hybrid, and other environmentally friendly vehicles. It highlights Thailand's ambitions and initiatives to support the transition to electric vehicles and develop related infrastructure like charging stations to support over 1.2 million EVs by 2036.
Thailand aims to establish itself as ASEAN's center of excellence for electric vehicles (EVs) by 2035. The government has introduced a master plan to transform Thailand's automotive industry and develop supporting EV infrastructure over the next 15 years. Key goals include having EVs account for one-third of new car sales by 2030 and establishing Thailand as a manufacturing hub for EVs and batteries. The Board of Investment is offering various tax incentives to attract investment in EV production and related industries. Thailand sees developing a comprehensive EV ecosystem as crucial to achieving its environmental and economic goals.
Airports of Thailand: Aviation Industry in Thai State EnterpriseTanade Sirinumas
A Term Project Submitted in Partial Fulfillment of the Requirements of 1210332 Aviation Industry in Thai State Enterprise Course,
Mae Fah Luang University
First Semester, 2015
The document discusses Thailand's growing healthcare industry and potential to become Asia's medical hub. It notes Thailand's world-class medical facilities, affordable prices, and reputation for quality healthcare have made it a top medical tourism destination. The healthcare sector sees strong growth in areas like pharmaceuticals and medical devices. The government supports the industry through funding and incentives from the Board of Investment. Thailand aims to further develop its leadership in medical services and as a production hub for pharmaceutical and medical companies in Asia.
The document summarizes port development projects at Laem Chabang Port in Thailand. It outlines plans to expand the port's capacity through three phases, with Phase III construction planned from 2017-2022 to accommodate growing throughput. It also details two specific projects - a single rail transfer operator project to increase rail transport volume, and a coastal terminal project to serve coastal and inland shipping. Both projects are slated to begin operations in 2017 after construction from 2016-2017.
A term project submitted in partial fulfillment of the requirements of 1210327 Thai Aviation Business in Global Aviation Industry course,
Mae Fah Luang University,
First semester, 2014
Aviation as an industry is structurally extremely unattractive. It is very difficult to make profit in this industry. The industry is, weighed down by regulations, and influenced by several uncontrollable factors. The combined effect of these factors is historically the industry has never earned a rate of return above its investors’ capital; in fact, it has destroyed more money than it has created. The main objective of the paper is to highlight the major characteristics of the industry. Factors such as cost of oil or security have direct impact on operational effectiveness and risk management of an airline company. Factors such as natural disasters or health emergencies and socio-political culture of a country too affect the financial health of the industry. The paper deals with the Indian Civil Aviation Industry. This paper is a theoretical review. by providing some suggestions.
Thai Airways International Public Company Limited is Thailand's national carrier airline. It operates domestic and international flights from its main hub in Bangkok. The company aims to provide safe, convenient and high quality air transport services that reflect Thai culture. It seeks to be financially sustainable and create value for shareholders while fulfilling its role as a national airline. Key aspects of the company's operations include its international and domestic flight networks, offices worldwide, and subsidiaries such as Nok Air and Thai Smile Air. As a publicly listed company, Thai Airways is required to disclose financial information and dividends to shareholders.
China air transport and airport industry report, 2015 2018ResearchInChina
Since 2014, despite negative influence from slower economic growth at home and abroad and high-speed railway on Chinese aviation market demand, China’s civil aviation passenger throughput still kept relatively rapid growth driven by tourist’s leisure demand, and cargo & mail throughput rallied slightly driven by a pickup in exports. In the first eleven months of 2014, China’s total civil aviation turnover, passenger turnover, and cargo & mail turnover reached 68.385 billion ton-kilometers, 580.181 billion passenger-kilometers, and 16.874 billion ton-kilometers, a year-on-year increase of 11.1%, 11.60%, and 8.8%, respectively.
Downward trends faced by jet airways due to financial disturbances.Pragya Bisht
- Jet Airways is a major Indian airline based in India that serves domestic and international routes. It started operations in 1993 and was granted scheduled airline status in 1995.
- It operates over 320 daily flights connecting 49 destinations across India and 5 international destinations.
- Jet Airways aims to provide high quality services through partnerships with other airlines and companies in transportation, hotels, banking, and telecommunications.
- In addition to its main airline, Jet Airways also operates low-cost carriers Jet Konnect and Jet Lite to expand its customer base in India. However, it has been facing financial troubles in recent years.
921201 air transport system-songkran-week1CATC-ACM
The document discusses the Department of Civil Aviation (DCA) in Thailand and its role in regulating civil aviation activities according to international standards. It notes that the DCA is a government agency under the Transport Minister that aims to promote, develop and regulate civil aviation in Thailand. Key responsibilities of the DCA include implementing the Air Navigation Act, promoting national civil aviation, ensuring orderly civil aviation, making airports available to the public, and coordinating with domestic and international organizations. The document also provides examples of aviation-related international organizations like ICAO and lists some of ICAO's annexes regarding international civil aviation standards.
This document summarizes a presentation on the aviation boom in India and ASEAN. It notes that Asia has become a major aviation market, with over 1 billion passengers traveling within the region annually. India's domestic passenger traffic has grown at an average annual rate of 13.7% over the past 10 years, faster than any other major market. India is expected to become the third largest aviation market by 2025. Open skies agreements between India and ASEAN countries are fueling more international air travel and tourism between the regions.
This document summarizes a study on customer satisfaction with air travel services in Lucknow, India. It provides background on the Indian air travel industry and discusses key factors that influence customer satisfaction, such as service quality, expectations, and value. The study used surveys to measure customer satisfaction levels with domestic airline and airport services in Lucknow across several service quality dimensions. The results showed generally low levels of customer satisfaction, especially with international air services due to limited options. Improving service quality was identified as important to better meeting customer expectations and increasing satisfaction.
Airport Infrastructure Keeping Up With Demand In Asia PacificMark Clarkson
This document discusses the rapid growth of airport infrastructure and airline capacity in Asia Pacific to keep up with increasing demand. Some key points:
- Airline seat capacity in Asia Pacific reached 1.6 billion in 2014 and has been growing by an average of 8% per year for the past decade.
- China is expected to overtake the US as the world's largest aviation market by 2030, with projections of 1.3 billion passengers by that time.
- While infrastructure projects are planned, there are concerns that some countries like India and Indonesia will struggle to develop infrastructure fast enough to match demand.
- Large hub airports will need to increase capacity the most to concentrate traffic and connections, but runway utilization will
Thailand offers high-quality infrastructure for air, land, sea, and rail transportation, as well as excellent digital connectivity, a highly skilled labor force, and an excellent standard of living, making Thailand an outstanding value when considering its cost-effectiveness. These factors, together with the Thai government’s comprehensive policies and investment incentives, make Thailand the preferred investment location in the region.
The document provides an overview of developments in the global airline industry, focusing on growth projections, new technologies, and sustainability considerations. Some key points:
- Air passenger traffic is expected to double by 2030, straining existing airport infrastructure. The ICAO is working with stakeholders to implement efficiency improvements through its Global Plan.
- New technologies like continuous descent operations, arrival management, and airborne collision avoidance systems aim to increase airspace capacity and flight efficiency while improving safety.
- Automated flight control technologies could allow for fully automated piloting in the future, taking control of aircraft in emergency situations. However, investments are still needed to integrate these systems.
- Sustainable aviation fuels and more fuel
Indian aviation has experienced rapid growth in recent years, driven by factors such as liberalization policies, economic reforms, and the entry of low-cost carriers. Passenger traffic has grown at a compound annual rate of over 14% internationally and 22% domestically between 2000-2008. Cargo traffic has also increased substantially. However, infrastructure development has not kept pace with demand. The government has initiated reforms and projects to develop airports and boost sectors like manufacturing, maintenance, and air cargo to sustain growth and make India a leader in global aviation.
Review on the Passenger Throughput Forecast of Airportijtsrd
In recent years, China’s economy has developed rapidly and the people’s living standards have continued to improve. A high end means of transportation, airplanes, is favored and accepted by more and more people with its advantages of comfort, speed, and safety. Accompanying it is the increase in pressure on passenger transportation in the aviation industry. The development of Chinas civil aviation industry is relatively late and relatively immature. It has only ushered in a development frenzy after the reform and opening up. Therefore, the method of predicting airport passenger throughput is also imperfect. The outdated forecasting method cannot predict the situation of the airport well, so it is very important to seek a more scientific, more complete and systematic forecasting method of airport passenger throughput. This article has conducted a certain review and research on the prediction methods of airport passenger throughput, and hopes to have further research in this aspect. Feng Li | Yi Wang | Ran Chen "Review on the Passenger Throughput Forecast of Airport" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd37911.pdf Paper URL : https://www.ijtsrd.com/management/research-method/37911/review-on-the-passenger-throughput-forecast-of-airport/feng-li
The civil aviation industry in India has grown rapidly in recent years and is one of the fastest growing industries in the world. Private airlines now account for around 75% of the domestic aviation market. The government has implemented policies to support growth, such as allowing 100% tax exemption for airport projects and setting up a regulatory authority. Opportunities for further growth include developing more airports and city infrastructure around airports, improving regional connectivity, and expanding MRO facilities. The vision is for the industry to reach 150-180 million passengers by 2020.
This is Mini project under JNTUA II semester MBA in this you learn about Indian Aviation Position in Globally and what challenges has Indian Government taken to develop the sectors of Military and Civil aviation.
As a part of our Economics course in MBA we have done market analysis in Aviation Sector. Jet Airways & Qatar Airways are the companies taken for analysis. Report generated by Rajesh Kumar & Chaitanya.
Similar to Thailand's Aerospace Industry - Taking off to New Heights (20)
The Guide to the Board of Investment was prepared by the Office of the Board of Investment to provide information regarding investment promotion, including benefits and privileges, list of eligible activities, related announcements and, also, investment promotion application’s criteria and conditions.
The guide provides an overview of the business environment in Thailand, with information about company establishment, taxation, intellectual property rights, and legal issues.
This document provides an overview of typical costs for starting and operating a business in Thailand in 2023. It includes estimates for visa and registration fees, labor costs, office occupancy costs, construction costs, utility rates, transportation costs, communication costs, and industrial estates/facilities. Tax rates are also presented, including corporate income tax, personal income tax, value added tax, withholding tax, and double taxation agreements Thailand has with other countries. Specific excise taxes are shown for products like petroleum, electrical appliances, and automobiles.
Presented by Asst. Prof. Nayot Kurukitkoson, PhD, Executive Committee of the EEC Human Development Center, and Vice President for EEC Affairs, Burapha University, on March 16, 2023
Thailand has an extensive innovation network made up of various supporting parties, from government bodies, the private sector, to venture capital and other organizations including research laboratories and academic institutions.
Thailand is the perfect second home for expats. The country was ranked 14th out of 59 global locations with the nation’s capital Bangkok placing 4th in Asia in the Expat City Ranking 2021,5 with the majority of expats expressing satisfaction with the cost of living and their quality of life in Thailand.
The Guide to the Board of Investment was prepared by the Office of the Board of Investment to provide information regarding investment promotion, including benefits and privileges, list of eligible activities, related announcements and, also, investment promotion application’s criteria and conditions.
Thailand is introducing a new visa called “Long-Term Resident (LTR )” which is a program that provides a range of tax and non-tax benefits to enhance the country’s attractiveness as a regional hub for living and doing business for high potential foreigners.
Thailand offers strategic opportunities in advanced materials and polymers due to its location, free trade agreements, and government support through the Board of Investment. Key points:
- Thailand has free trade agreements with 18 nations, enabling export of advanced materials and polymers to major markets.
- The BOI provides various tax incentives, exemptions on import duties for machinery/raw materials, and non-tax incentives to promote investment in advanced materials and polymers.
- Major industries like automotive, electronics, food packaging drive demand for advanced materials and polymers in Thailand.
Presented by Mr. Varghese Poulouse Nalian, President & General Manager of Performance Additives Business, Momentive Performance Materials (Thailand), on June 29, 2022
This measure is aimed to promote investment in targeted activities in three provinces – Chachoengsao, Chon Buri, and Rayong, as well as to encourage private sector to participate in human resource development. As EEC development is part of the policy to drive Thailand towards Thailand 4.0, investors in the targeted activities located in designated areas or in promoted industrial estates/industrial zones, or the investors involved in the human resource development in the EEC will enjoy additional tax incentives, apart from a standard tax package.
The document is a guidebook for applying for investment promotion benefits in Thailand published by the Board of Investment (BOI) for 2023. It provides an overview of eligibility criteria, policy framework, industry sectors and project types eligible for incentives. The guidebook aims to inform investors on the basic process for applying for benefits and includes details on rights, benefits, important criteria and application procedures. Investors can check for updates on eligible business categories or contact BOI for more information.
Thailand is introducing a new visa under "Long-Term Resident (LTR)" program, which provides a wide range of tax and non-tax benefits to enhance the country's attractiveness as a regional hub for living and doing business for "high-potential" foreigners.
More from Thailand Board of Investment North America (20)
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
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2. 2
Aerospace Industry
Overview
Sound Infrastructure
Aircraft Industry
Maintenance, Repair
and Overhaul (MRO)
Supporting Policy and
Organizations
Growing Tourism Sector
Aviation Training Centers
Approved by CAAT
Airline Business
Unmanned Aerial Vehicle
(UAV)
BOI Incentives
04
08
16
23
28
07
14
20
27
29
Content
3. 4 5
With air travel becoming faster, more accessible, and
more comfortable, the aerospace industry has witnessed
a huge spike in the number of people travelling both
domestically and abroad.
By 2036 it is estimated that there will be approximately
This huge spike in demand will
result in significant economic
opportunities for countries across
the globe, not least those in the
Asia Pacific. According to the 2017
IATA 20 Year Passenger Forecast,
the Asia Pacific region will contribute
more than half of new passengers
between 2017 and 2036, primarily
driven by booming passenger
numbers from China, India and
Indonesia. This represents an
average growth rate of 4.6% per
year.
To fully capitalize on these projections,
governments, aviation experts and
other private sector stakeholders are
continuing to forge partnerships in
areas including infrastructure, trade
liberalization and reduction of barriers
to freedom of movement.
Market Share of Air Travel by
Region’s Carriers in 20171
Top 5 Growing Markets in Term of
Annual Additional Passengers2
Source: 1, 2The International Air Transport Association
Unit: Billions of Passengers
Aerospace
Industry
Overview
35%
5%
26%
24%
7%
passengers per year
- almost double today’s figure
of 4 billion travelers.
0 0.1
0.92
0.40
0.34
0.24
0.12
China
USA
India
Indonesia
Turkey
0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1
North
America
Latin
America
Africa
Asia Pacific
Middle East
Europe
2%
Aerospace Industry Overview Aerospace Industry Overview
7.8Billion
4. 6 7
An Ideal Location for
Aerospace Hub
Growing Tourism Sector
Advantageously located in the
heart of South East Asia, Thailand
has long been a center of commercial
aviation in the region. With a strong
domestic economy and thriving
tourism sector, it is no wonder
that the country has seen a rise in
passenger numbers over the past
decade.
An Ideal
Location for
Aerospace Hub
Growing
Tourism Sector
On average, Thailand’s air traffic
has increased three times faster than
the global market1. It is projected
that, during 2018-2028, the number
of passengers will increase at 5.6%
per year, while the growth rate
in the shorter term (2018-2022)
is even more impressive at 7.5%
per year2.
In 2018, more than 35 million
tourists visited Thailand. The vast
majority of Thailand’s tourist arrivals
originated from Asia; however, there
were also a substantial number of
arrivals from countries in other regions
including Russia, the Untied States,
the United Kingdom and Germany.
When assessing the drivers behind
Thailand’s burgeoning tourism
sector, one can primarily attribute
their success to two core factors.
Firstly, the growth of low-cost
airline carriers has significantly
increased the affordability of air
travel and opened the market to
a wider range of individuals.
Coupled with a robust and
relatively well-developed
tourism sector, Thailand
has all it takes to be a
tourist friendly country, with
good accommodation and
technology. According to
statistics from the World
Travel and Tourism Council,
the total contribution of
travel & tourism to GDP
was 28.6% of Thailand’s
gross domestic product in
2018.
Source: 1The International Air Transport Association
and 2, 3The Civil Aviation Authority of Thailand Source: 1Ministry of Tourism & Sports
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
58 63 74 83 97 104 127 141 155 160
422 461 540 593 698 768 894 978 1,042 1,063
Passengers Movement - Unit: Million Passengers
Flight Movement - Unit: Thousand Flights
Thailand’s Passengers and
Flight Movement3
International Tourist
Arrivals to Thailand1
China
27.71%
Malaysia
9.48%
Korea
4.83%
Laos
4.56%
United Kingdom
2.81%
Singapore
2.91%
Japan
4.36%
India
3.99%
Russia
3.80%
USA
2.98%
Others
32.55%
5. 8 9
Sound
Infrastructure
There are currently a total of 38 commercial airports operating
across Thailand, 12 of which operate short and long haul
international services. In 2017, Thailand’s airports handled a
total of 833,084 flights, a significant boost from previous years.
have been operated under three main organizations:
international airports covering all key destinations
in Thailand.
Department of Airports
Bangkok Airways Public Company Limited
Airport of Thailand Public Company Limited
38Airports
12
International
Airport
Domestic
Airport
Source: The Civil Aviation Authority of Thailand
:Airports
Sound Infrastructure
6. 10 11
Source: The Civil Aviation Authority of Thailand
Airports in Thailand have the capacity to accommodate a huge number
of passengers. Suvarnabhumi International Airport sees an average of
nearly 70 flights flowing in and out per hour. Several other airports across
the country accommodate more than 10 fights per hour. To support the
increased capacity demands that are primarily resultant from the gradual
growth of international visitors, airports across Thailand are investing
significant financial and human resources into improving their operations.
flowing in and out Suvarnabhumi
International Airport per hour70Flights
Arrival
8,280 Passengers/Hour
Departure
6,660 Passengers/Hour
Aircraft Flow
68 Flights/Hour
Arrival
7,900 Passengers/Hour
Departure
7,190 Passengers/Hour
Aircraft Flow
46 Flights/Hour
Arrival
785 Passengers/Hour
Departure
1,939 Passengers/Hour
Aircraft Flow
11 Flights/Hour
Arrival
1,000 Passengers/Hour
Departure
1,000 Passengers/Hour
Aircraft Flow
15 Flights/Hour
Arrival
1,860 Passengers/Hour
Departure
2,690 Passengers/Hour
Aircraft Flow
24 Flights/Hour
Arrival
3,600 Passengers/Hour
Departure
3,600 Passengers/Hour
Aircraft Flow
20 Flights/Hour
Arrival
1,200 Passengers/Hour
Departure
1,000 Passengers/Hour
Aircraft Flow
12 Flights/Hour
Suvarnabhumi
Chiang Rai
Don Mueang
Hat Yai
Chiang Mai
Phuket
U-Tapao
Sound Infrastructure Sound Infrastructure
7. 12 13
Rajamangala University of
Technology Krungthep
Assumption UniversityRangsit University
Thammasat University
: Expansion of
U-Tapao and
Development of
Rail Links
Human Resource
Development for
the Aerospace
Industry
Despite the already strong capacity
of Thailand’s airports, further
improvements are on the way.
Upgrades to Don Mueang and
Suvarnabhumi International Airport
are currently in progress, while
U-Tapao International Airport will
also increase its capacity with the
addition of a second runway and
the redesign of its airport space.
As demand within the aerospace
industry increases over the next
few decades, it is expected that
the workforce in this industry
in Thailand will also continue to
grow. The Civil Aviation Authority
of Thailand (CAAT) forecasts that
the workforce will rise from 15.9
thousand persons in 2017 to 20.8
and 29.4 thousand persons in
2027 and 2037, respectively.
These include:
In meeting such increasing demand
for skilled personnel, many universities
and institutions have initiated
academic programs aimed at
furnishing the country’s human
resources with the relevant skill
sets. In 2017, 33,857 engineering
students graduated in Thailand,
with a further 23,873 science and
technology students also graduating.
In the same year, 2,512 graduates
were from the fields of aviation and
aviation management1.
The Thai government has also
committed 224.54 billion baht
towards the construction of the
High-Speed Rail Linked 3 Airport
Project. Connecting Don Mueang,
Suvarnabhumi and U-Tapao Airports,
the completed project will cover
a total distance of more than 220
kilometers. Due to be officially
launched and open to the pubic
in 2025, it is expected that the
project will contribute to the
progress of the Eastern Economic
Corridor of Aerotropolis (EECa).
Also known as the Eastern Airport
City, the EECa is an airport-centered
development area covering 6,000
rai in Rayong and Chonburi provinces
and incorporating a re-developed
U-Tapao airport as well as other
facilities such as air cargo and a
commercial gateway.
EECa area
Sound Infrastructure
Human Resource Development
for the Aerospace Industry
A number of leading universities offer
specific courses in aerospace maintenance
Chulalongkorn University
Kasetsart University King Mongkut’s University
of Technology
Source: 1Office of the Higher Education CommissionSource: Eastern Economic Corridor Office
Don Muang
Airport
Suvarnabhumi
Airport
Chachoengsao
Bang Sue
Makkasan
Chon Buri
Sriracha
Pattaya
Map Ta Phut
Laem Chabang
Port
Juk Samet
Port
U-Tapao
Airport
Rayong
Bangkok
N
8. 14 15
Air Traffic Control Training Organizations
(ATCTO), Aviation Language Testing
Service Providers (TSP), Air Traffic
Control Synthetic Training Devices
(STD), Aircraft Maintenance Engineer
Training Organizations (AME), and
Flight Synthetic Testing Devices (FSTD).
Aviation
Training Centers
Approved by
CAAT
Other than institutions with academic
programs, various types of aviation
training centers approved by CAAT
are also operating across the country.
Currently, CAAT certifies 6 types of
organizations and devices including
Flying Training Organizations (FTO),
As for the FTO, there are
Other centers include:
for pilot training approved by CAAT.
The Bangkok-based centers are
Civil Aviation Training Center
Bangkok Aviation Center Co., LTD
Royal Sky Aviation Center Flying School
Thai Flight Training Co., Ltd.
Asia Aviation And Technology Co., Ltd.
Thai Inter Flying Co., LTD.
Premium Airlines Co., LTD.
International Aviation College
Nakhon Phanom University
Thai General Aviation
Technology School
Sriracha Aviation Co.,Ltd.
D-0507 Flight Training
Company Limited
AFA Aeronautical Co., LTD
Thai Aviation Co., LTD
13centers
Aviation Training Centers
Approved by CAAT
Aviation Training Centers
Approved by CAAT
Source: Civil Aviation Authority of Thailand
9. 16 17
Thailand’s future in this sector
is clear for all to see. With the
expansionofU-TapaoInternational
Airport as part of the EECa
development; the airplane purchase
orders made by low-cost carriers; and
the emergence of the Maintenance,
Repair, and Overhaul (MRO) sector,
it can be expected the further
infrastructure improvements required
to accommodate the production of
aircraft parts and aircraft-related
products will be forthcoming.
Recognizing the sector’s significant
potential, many key international
aircraft manufacturing companies
have already invested in Thailand.
These include Ducommun, Leistritz,
Michelin, Revima, Senior Aerospace,
Triumph Structures (Thailand), and
Zodiac Aerospace.
Thailand is also a hub of auto parts
production, an industry whose relevant
skills and technologies can be utilized
to produce aircraft-related products.
This provides Thailand with a wealth
of expertise in Tier 3 component
manufacturing and Tier 4 composite
manufacturing for original parts
manufacturing (OEMs).
: Thailand’s
Significant
Potential
Aircraft
Industry
Example of Key Players
Aircraft Industry
10. 18 19
CAGR of 21.73% between 2010
and 2018. Thailand’s imports of
aircraft-related products hit a value
of 5.82 billion in 2017. While exports
performed less spectacularly over
the same period, with a CAGR of
6.89%, there was a strong upward
trend from 2015 to 2018, indicating
a promising future for this area of
trade.
Aeroplanes and other powered aircraft
of an unladen weight > 15000 kg
Spark-ignition reciprocating or rotary internal
combustion piston engine
Turbojets of a thrust > 25 kN
Ignition wiring sets and other wiring sets
for vehicles, aircraft or ships
Aeroplanes and other powered aircraft
of an unladen weight <= 2000 kg
Parts of aeroplanes or helicopters, n.e.s.
(excluding those for gliders)
Spark-ignition reciprocating or rotary internal
combustion piston engine
Aeroplanes and other powered aircraft
of an of an unladen weight > 15000 kg
Ignition wiring sets and other wiring sets
for vehicles, aircraft or ships
New pneumatic tyres, of rubber,
of a kind used for aircraft
Indicating the strong potential of
its aircraft industry, Thailand has
reported a positive trend in the
trade of aircraft-related products
over the past decade. In this
respect, the country has recorded
overall growth in both its import
and export numbers. Imports
in particular have undergone a
period of strong growth, with a
: Trade of
Aircraft-related
Products
2010
2010
2011
2011
2012
2012
2013
2013
2014
2014
2015
2015
2016
2016
2017
2017
2018
2018
984 2,311
2,1661,869
3,251
1,897
5,680
1,848
4,323
1,801
4,554
1,676
3,949
2,228
5,824
2,825
4,747
3,184
Export
Unit: Million USD
Unit: Million USD
Import
Import and Export
of Aircraft related Products
Source: International Trade Centre Source: International Trade Centre
CAGR Growth 2010-2018 = 21.73%
CAGR Growth 2010-2018 = 6.89%
Imported Products in 2018
Exported Products in 2018
Top
5
Top
5
Aircraft Industry Aircraft Industry
11. 20 21
Airline
Business
Across the globe, the airline industry remains characterized by strong
growth, primarily due to the continued increase in air travelers in both the
domestic and international travel markets. Similarly, in 2018 the airport
business in Thailand also continued to see a steady rise in the number
of outbound travelers, and the continued expansion and popularity of
low-cost carriers.
: Strong and
Consistent
Growth
Example of Airlines Operating in Thailand
Domistic Routes
International Routes
Source: The Civil Aviation Authority in Thailand
Airline Business
12. 22 23
: Demand in
Domestic Market
A significant amount of growth
within the Thai market remains driven
by the domestic demand for low
cost carriers. At present, low cost
airlines now account for more than
70% of the domestic market share.
Interestingly, Thailand’s international
market has also experienced rapid
growth as a result of low cost
carriers. In 2017, they accounted for
approximately 13.5 million international
seats, an increase of more than 8
million in just over five years.
Thailand’s Fleet Size
2013 2014 2015 2016 2017 2018
42 59 83 107 120 136
200
100
200
300
400
241 246 272 279 304
Low Cost Airlines
Overall Airlines
Unit: Number of Aircraft in Service
Maintenance,
Repair and
Overhaul
(MRO)
While Thailand has historically
operated a relatively limited
MRO sector, this is changing.
In its Commercial Market
Outlook 2018, Boeing predicted
that aircraft fleets in the
Asia-Pacific would almost
triple from the 6,000 aircraft
currently based in the region
to approximately 17,000 by
2036. Such growth would
make the Asia-Pacific the
world’s largest market and
lead to the center of the MRO
industry shifting from North America
and Europe to the Asia-Pacific
region. With the region leading the
way in the aerospace industry’s
seemingly insatiable global growth
and the significant opportunity
this presents for regional MRO
services, Thailand is in a strong
position to build on its existing
importance as an aviation hub and
establish itself as regional center
for MRO services.Source: Center of Aviation as of April 2018
Airline Business
13. 24 25
: Growth
Opportunities
Example of MRO Companies
Operating in Thailand
Expected MRO Value in the Future
Airbus is an international pioneer in the aerospace
industry. This company is a leader in designing,
manufacturing and delivering aerospace products,
services and solutions to customers on a global
scale.
TurbineAero is an independent aerospace
component maintenance, repair, and overhaul
service provider focused on APUs and related
products. It provides military, commercial, and
regional airline customers with a comprehensive
maintenance solution for legacy and new APU
engine models.
Chromalloy is an integrated solutions provider —
fororiginalequipmentmanufacturers,commercial
airlines, militaries, oil and gas companies, and power
companies — that delivers innovative solutions
designed to reduce manufacturing and operating
expenses and extend the life of gas turbine
engines.
Triumph Aviation Services Asia, Ltd. provides
repairs and overhauls complex aircraft operational
components in Thailand and acts as a
Single-Source Service Center for all commercial
aviation across the region. The company was
founded in 2005 and is based in Chonburi.
An important factor contributing to the prospects of the MRO sector
in Thailand is the development plan of the Eastern Economic Corridor
of Aerotropolis (EECa) which features the expansion of U-Tapao
International Airport. This will provide excellent opportunities for a range
of related companies.
Important components of the development plan include:
A new passenger terminal and runway will boost passenger numbers at
U-Tapao to 15 million per year within the next five years.
: Development
in U-Tapao
Airport
Passenger Terminal 3 and Commercial Gateway
Air Cargo Facilities
Maintenance, Repair and Overhaul (MRO) Facilities
Aviation Training Facilities
Free Trade Zone
2017
500
1,000
1,500
2018 2019 2020 2021 2022 2025 2030 2035
390 372 396 421 447 494
475
647
571
878
775
1,182
1,052
Thailand Insourced MRO as usualUnit: Million USD
Thailand Insourced MRO with U-Tapao Project
Source: Prachachart and Aviation Week Database, Frost & Sullivan
Maintenance, Repair and
Overhaul (MRO)
Maintenance, Repair and
Overhaul (MRO)
14. 26 27
of the most modern and extensive
service centers in the Asia-Pacific
region, offering heavy maintenance
and line services for all wide-body
aircraft types.
In June 2018, Thai Airways
International and Airbus signed
an MOU to establish an MRO facility
at U-Tapao International Airport.
Itisexpectedthisfacilitywillbeone
Thai Airways-Airbus Coordination
Total Number of Registered Drones
Unmanned Aerial Vehicles (UAV),
commonly known as drones, have
undergone a significant growth
in popularity worldwide over the
past few years. Thailand is no
exception. The drone market in
Thailand has grown enormously,
The increase in the popularity of drones is mainly attributed to the
sharp fall in prices. As is the case with other technologies, it is likely that
high-quality drones will become more affordable in the years to come,
and this indicates a continued growth for the foreseeable future.
According to SZ DJI Technology,
a Chinese drone maker, Thailand
is among the top-five markets in
term of consumer enthusiasm for
dronetechnology.Withtech-savvy
consumers who love to take
pictures and a large number of
small farmers who can utilize
drones to spray fertilizers or
pesticides, Thailand offers a large
potential market for drone makers
and distributors.
Unmanned
Aerial Vehicle
(UAV)
as can be observed from the
increase in the number of registered
drones in the country. The figure
surged from 109 units in 2016
to 949 units in 2017, before
skyrocketingto and 7,708 in 2018.
20172016 2018
949109 7,708
MRO Center Establishment
Technician Training School
Aircraft Composite Repair Shop
Technology Support for Smart Hangar
Parts Store and Logistic Center
Design for Building and Construction
Equipment Maintenance Office
Expected Finished Period in 2021
Maintenance, Repair and
Overhaul (MRO)
Unmanned Aerial Vehicle (UAV)
15. 28 29
In an effort to support the development and growth of Thailand’s
aerospace industry over the short and medium term, the relevant
government agencies embark on a series of policy reforms. Some broad
policy initiatives include increased assistance to domestic companies;
undertaking comprehensive research & technology development;
developing new industry talents; and fully implementing aerospace
standards and certification programs.
BOI offers a wide range of tax and non-tax
incentives for eligible activities.
Supporting
Policy and
Organizations
BOI
Incentives
Ministry of Transport
has overall responsibility for transportation, traffic
planning, and transport infrastructure development.
Airports of Thailand Public Co., Ltd. (AOT)
manages Thailand’s six international airports.
Civil Aviation Authority of Thailand (CAAT)
the CAAT is mandated with the enforcement of
laws on air navigation, the negotiation of air service
agreements with international civil aviation organizations,
and the promotion of Thailand’s aviation industry.
Department of Airports (DOA)
operating under the Ministry of Transport, the DOA
is in charge of the operation of airports belonging to
the government.
Supporting Organizations
Group
A1
A2
A3
A4
Notes :
8 years CIT
exemption
(no cap)
8 years CIT
exemption
5 years CIT
exemption
3 years CIT
exemption
Tax
Incentives
Exemption
of Import
Duty *
Activities
Manufacture of aircraft or aircraft
parts such as airframe, critical parts
(e.g. engine and parts, propeller),
appliance (e.g. flight recorder, radar),
equipment and other components
Manufacture of aerospace devices
and equipment such as devices
or equipment related to rockets/
spacecraft/space vehicles/propulsion
units and auxiliary equipment, etc.
Aerospace operating systems such
as search, detection, navigation,
guidance, aeronautical, nautical systems
and instruments, etc.
Repair of aircraft or aircraft parts
Manufacture of onboard devices and
equipment (except disposable and
reusable aircraft utilities and supplies)
such as seats, life vests, trolley, galley,
etc.
Repair of onboard devices and
equipment (except disposable and
reusable aircraft utilities and supplies)
*Exemption of import duty on manchinery and raw materials used in
production of export products
Aircraft or Aerospace Industrial Zone
or Industrial Estate
Supporting Policy and Organizations BOI Incentives
16. 30 31
Aerotropolis (EECa). Eligible
activities located in one of the
21 promoted zones for targeted
industries or other industrial
estates / industrial parks in the
EEC may also receive additional
incentives, on top of the basic
package granted by the BOI.
4 years
of CIT
exemption
2 years of CIT
exemption and a 5-year
50% CIT reduction
Eligible Activities Additional Incentives
Manufacture of aircraft or aircraft parts such as
airframe, critical parts, appliance, equipment and
other components
Repair of aircraft or aircraft parts
Manufacture of aerospace devices and equipment
such as devices or equipment related to rockets/
spacecraft/ space vehicles/propulsion units and
auxiliary equipment, etc.
Aerospace operating systems such as search,
detection, navigation, guidance, aeronautical,
nautical systems and instruments, etc.
Manufacture of onboard devices and equipment
(except disposable and reusable aircraft utilities and
supplies) such as seats, life vests, trolley, galley, etc.
The BOI also recognizes the
importance of investment in relevant
activities in targeted locations.
It has therefore been providing
additional incentives for investment
in the EEC. The promoted zone for
specific industries related to aerospace
is the Economic Corridor of
Applications for incentives under the EEC scheme must be submitted
by 30 December 2019. In addition, investment projects under the scheme
must establish a collaboration with education or research institutions in
forms such as Co-operative Education (CoE), Dual Vocational Training
(DVI), Work Integrated Learning (WiL), or a similar cooperation, under
the condition that the number of students participating in the
collaborative program is at least 10% of the project employees or 50
people, whichever is lower.
Incentives for Investment in the
Eastern Economic Corridor (EEC)
Incentives for Investment in the EECa
BOI Incentives