Bangkok - Thai Airways says it needs more planes to regain its market share that the company lost over the past three years because of the lack of available aircraft.

Thai Airways president Sumeth Damrongchaitham says that they need at least 125 new aircraft to compensate the 10% market share loss occurred in the last three years due to unavailability of new planes.

The flag carrier of Thailand has submitted its business plan to the board of directors for consideration. The project proposes the acquisition of a new fleet no less than 125 devices. If the board accepts it, the plan is most probably to be presented to the cabinet for approval next month.

Thai Airways currently operates an all wide-body fleet which consists of 81 aircraft. From January to May this year, the airline received five Airbus A50-900. The company has no new orders in its backlog waiting to be delivered.

Sumeth says the new planes should arrive in two years. While waiting for deliveries, Thai Airways may consider leasing option to meet demand, particularly during the coming high season, he added.

The amount of aircraft to be leased is yet to be concluded.

The Asian carrier also plans to expand its network to the US since the U.S. Federal Aviation Administration (FAA) upgraded its status from Category 2 to Category 1.