229 O N E R E P O R T 2 0 2 2 OVERVIEW BUSINESS OVERVIEW AND PERFORMANCE CORPORATE GOVERNANCE FINANCIAL INFORMATION SUSTAINABLE BUSINESS DEVELOPMENT Person who may have conflicts of interest Nature of the transaction Transaction value (Baht) Rationales 2022 2021 Other non-current asset-Aircraft and 195,435,092 249,038,754 Payment term: within 30 days aircraft engine rental deposit Transaction in the future: Aircraft and aircraft engine rental will be an ongoing transaction until the expiration of lease agreement on each aircraft as it is a normal course of business with general commercial term under approval in principle from Board of Directors and Audit Committee. In addition, TAA will continue the pooling purchase order together with Capital A. (1) AAM TAA pays aircraft repair and maintenance cost to AAM, the lessor, and AAB for the D check or major overhaul as specified under the aircraft lease agreement. The operating lease agreement between TAA and AAM required for TAA to have repair (2) AAB and maintenance on leased aircraft as well as has set conditions before delivery, in which the leased aircraft must be fully repaired upon the contract expiration as this a normal terms under aircraft lease agreement. 5.1 Aircraft maintenance - AAM 246,051,554 188,931,133 Aircraft maintenance payable - AAM 299,158,806 93,665,147 Maintenance rate: Maintenance rate is quoted per flight hour/cycle in USD term for Aircraft maintenance claim receivable - AAM 1,066,512,164 669,800,552 a monthly payment and comparable to industry average rate. 5.2 Aircraft maintenance - AAB 848,196,280 182,610,958 Payment term: within 30 days Aircraft maintenance payable - AAB 891,458,661 79,351,397 Aircraft maintenance reserves - AAB 2,687,676,439 4,958,623,692 Transaction in the future: Aircraft maintenance will be an ongoing transaction until the expiration of lease agreement and maintenance agreement on each aircraft as it is a normal course of business with general commercial term under approval in principle from Board of Directors and Audit Committee. 5. Aircraft maintenance
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