2010s: Fleet renewal and expansion While celebrating its 50-year anniversary in 2010, THAI, spearheaded by Piyasavast Amranand, its president and a former energy minister, charted new plans for the airline's future, including a significant aircraft fleet renewal and an upgrade of existing services. THAI has since placed orders for a number of aircraft, including the cost-efficient Boeing 787 and Airbus A350, and it has also launched a refurbishment of its Boeing 747 and 777 cabins. Mindful of rising fuel costs, the airline have now phased-out most inefficient aircraft, including its Airbus A340-500. The airline has taken delivery of its first Airbus A380 aircraft in the last half of 2012, intending to eventually deploy the aircraft on its core European routes