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THAI to auction off in-flight items, lease out office buildings to generate income

Thai Airways International is to auction off many in-flight items, stored in its warehouses, and lease its three office buildings to generate badly-needed revenue while the airline is unable to…

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THAI to auction off 34 aging aircraft

Financially-strapped Thai Airways International is to auction off 34 aircraft, with an average age of about 20 years, to anyone who is interested. The aircraft include the Airbus A340-500 and…

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THAI Airways registers first half loss of 28 billion baht

Thai Airways International has suffered about 28 billion baht in losses for the first half of this year, mainly attributable to the COVID-19 pandemic, which has seriously impacted its operations….

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Photo by Vivek PRAKASH / AFP

THAI to resume international flights on August 1

Thai Airways International will resume international flights on 37 routes starting August 1st, one month later than originally planned.   The national flag carrier plans resumption of services on 26…

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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)

Proposed rehabilitation of THAI will expose a Pandora’s Box of corruption

Former international crime prosecutor, Mr. Wanchai Roujanavong, has likened the proposed rehabilitation of Thai Airways International to the opening of a Pandora’s Box, which will expose extensive corruption in the…

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Creditor co-ops join financial firms to negotiate debt settlements with THAI

Eighty-four creditor cooperatives and financial institutions of Thai Airways International have agreed to join forces to increase their bargaining power in talks with the ailing national flag carrier over debt…

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Bankruptcy court accepts THAI’s protection petition for consideration

Thailand’s Central Bankruptcy Court today has accepted Thai Airways International’s bankruptcy protection petition for consideration and set the first hearing for August 17th.   The court’s decision to accept the…

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Transport Ministry to nominate 4 professionals to sit on THAI’s new board

Thailand’s Ministry of Transport will nominate four professionals to the new board of Thai Airways International, tasked with managing the financially-strapped national flag carrier under the court-sanctioned rehabilitation plan. Transport…

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15 candidate administrators of THAI rehabilitation plan nominated by Transport Ministry

The Transport Ministry has nominated 15 candidates for administrator, of the rehabilitation plan for ailing Thai Airways International, to Prime Minister Prayut Chan-o-cha for consideration. Transport Minister Saksayam Chidchob said…

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(Photo) Thaiairways.com

Prerequisites for THAI to address ahead of rehabilitation process

Although it is likely that struggling Thai Airways International will have to apply for a court-sanctioned rehabilitation programme, under the country’s bankruptcy law, there are a number of prerequisites to…

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Court-ordered rehabilitation likely option for debt-laden THAI

After years of heavy losses, Thailand’s struggling national airline is making headlines with its last-ditch attempt to survive a spiralling financial crisis fuelled by the global coronavirus pandemic. Thai Airways…

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PM supports court-sanctioned rehabilitation programme for THAI

Beleaguered Thai Airways International is likely to file for bankruptcy protection and have to enter a court sanctioned restructuring and rehabilitation process, Deputy Prime Minister Anutin Charnvirakul said today.  …

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©Democrat Party, Thailand

Korn says THAI Airways should file for bankruptcy to enable rehabilitation

Former Finance Minister and Kla party leader Korn Chatikavanich has proposed that Thai Airways International files for bankruptcy, so the beleaguered national flag carrier can enter rehabilitation under the protection…

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Prime Minister Prayut Chan-ocha / ©asiatimes.com

PM insists THAI adheres to a viable rehabilitation plan

Prime Minister Prayut Chan-o-cha said today that the only way for Thai Airways International (THAI) to survive its financial crisis is to enter and stick to an effective rehabilitation program,…

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File photo from Thai Government

THAI told to shape up before it gets government financial support

Prime Minister Prayut Chan-o-cha said today that Thai Airways International should be given a last chance to shape up if the flag carrier is to get a rescue package from…

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Toilet paper, flour, sugar and spaghetti have become a rare sight on some shelves as shops in many cities in Germany are hit by panic buying.

In Germany, Thai expats feel the pain of lockdown

Like many of the 80,000 Thais living in Germany, Nattaporn Wolf was worried when Covid-19 began spreading across the world. She has been monitoring news about the virus ever since…

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THAI suspends all operations until May 31st

Thai Airways International has become another victim of COVID-19, as the loss-ridden national flag carrier immediately suspends all operations until May 31st.   THAI acting president Mr. Chakkrit Parapanthukul said…

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FILE – In this Jan. 29, 2020, file photo, a shopper walks in a street market aimed for Chinese tourists in Bangkok, Thailand. The outbreak of new virus centered on the Chinese city of Wuhan is giving global business chills. Thailand’s central bank cut its benchmark interest rate to 1% from 1.25% on Wednesday to help the economy weather a series of setbacks, most lately the virus outbreak in China that has devastated its tourism sector. (AP Photo/Gemunu Amarasinghe, File)

Asian economies cut rates, move to blunt impact of virus

BANGKOK (AP) — Central banks in the Philippines and Thailand have cut their benchmark interest rates as China’s neighbors seek ways to soften the impact of measures to contain a…

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The veterans badge of Sergeant Sakriya Resley, the Korean war veteran who is now 93 years old and still alive.

The commemoration of Thai-Muslim veterans who were lost in the Korean War

The Thai-Korean War Veterans Association, under the Royal Patronage of His Majesty the King, has come to the Haroon mosque cemetery on October 24th to lay a wreath in memory…

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(Photo) Korn Chatikavanich/Facebook

Ex-finance minister Korn disagrees with using taxpayers’ money to rescue debt-ridden THAI

Former Finance Minister and Democrat list MP Korn Chatikavanich has voiced his concern over the financial crisis facing Thai Airways International and, at the same time, has objected to any…

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(Photo) Thaiairways.com

THAI struggling with huge debt, executives asked to take voluntarily pay cut

Thai Airways International, the national flag carrier, appears to be in a deep financial crisis and may have to delay debt repayments or seek new loans. THAI president Sumet Damrongchaitham…

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THAI reschedules flights to Japan due to Typhoon Krosa

Flt. Lt. Pratana Patanasiri, Vice President of aviation safety, security & standards at Thai Airways International, says that Japan’s Meteorological Agency has announced an alert relating to typhoon Krosa (Typhoon…

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THAI cabin crew reminded not to engage in smuggling

Thai Airways International has reminded its flight attendants to refrain from engaging in smuggling activities or they face dismissal if caught. The terse reminder was issued today by Mr. Sutheerat…

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THAI staff members warned their online posts may be politicized

Thai Airways International CEO Sumeth Damrongchaitham has warned the company’s staff to exercise caution when posting text, pictures or video clips on social media in order to prevent the posts…

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THAI resumes flights to Europe via China today

Thai Airways International is resuming flights to European destinations via China instead of Pakistan after an abrupt cancellation of several flights last night due to armed tensions between India and…

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Plane shortage leads to THAI’s 10 percent loss of market share in past 3 months

Thai Airways International has lost 10 percent of its market share in the past three years due to a shortage of aircraft and if it wants to restore the market…

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