THAI airways plans to cut staff by 50% or staff costs by 18 billion baht annually over next 2 years

After two postponements, Thai Airways International submitted its rehabilitation plan to the Legal Execution Department officials today (Tuesday), under which the debt-ridden national flag carrier plans to slash staff expenses…

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A Thai-Airway Boeing 747 taxies on the tamac of the freed Suvarnabhumi international airport after making the first arrival flight at the protest-hit airport in Bangkok on December 3, 2008. Airlines gradually resumed international and domistic flights to and from the airport after protesters ended a blockade, with full operations expected on December 4, 2008. AFP PHOTO/HOANG DINH Nam (Photo by HOANG DINH NAM / AFP)

Creditors object to THAI’s rehabilitation plan administrator appointment

A lawyer for some of Thai Airways International’s creditors has voiced reservations over the national flag carrier’s appointment of a company to administer its rehabilitation plan. The objection was raised…

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THAI told to speed up ฿156bn baht new aircraft purchase plan

Transport Minister Saksayam has ordered Thai Airways International to conclude its plan to purchase a fleet of 38 new aircraft, to replace its aging fleet at an estimated cost of…

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TG president warns airline on brink of collapse, staff must work harder

Thai Airways International president Sumeth Damronchaitham has admitted, for the first time, that the national flag carrier is in deep financial crisis, to the extent that it may have to…

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THAI CEO dismisses speculation that the airline is in financial crisis

Thai Airways International does not have a liquidity problem and it has sufficient revolving funds to continue operations into the future, THAI CEO Mr Sumet Damrongchaitham assured today. Dismissing speculation…

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