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Thai Airways creates “survival team”

Jack Burton

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PHOTO: KN Aviation

Beleaguered national flag carrier Thai Airways has created a so-called “survival team” to work out a business plan to support its debt rehabilitation, according to a source at the airline. The company filed for bankruptcy protection on May 19.

The survival team is tasked with producing a business plan, effective through October 31. The airline’s acting president has ordered the team to get up and running. It represents an integral part of the rehabilitation blueprint the carrier will submit to the Central Bankruptcy Court on August 17, a day before the court will decide whether to admit the airline’s rehab case.

The source says the team will be headed by the airline’s vice president for Petroleum, Corporate Insurance, and Aviation Environment. It will be comprised of 21 members, all executives of various departments of the airline. The team will be advised by the executive vice presidents for commerce, corporate strategy and sustainable development, operations, and the technical department.

Yesterday, the acting executive vice president for commerce admitted tickets on Thai Airways flights have been offered for sale for next month, although no date has been set as to when it will resume scheduled flights and what cities it will fly to. He says it’s normal practice for commercial airlines to prepare marketing plans ahead of time while keeping in mind the economic outlook for a given year.

SOURCE: Bangkok Post

 

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2 Comments

2 Comments

  1. Avatar

    Toby Andrews

    Friday, July 10, 2020 at 4:48 pm

    They mean salary survival team don’t they? The airline is dead – rest in peace
    This line they use: Debt rehabilitation.
    Rehabilitation means the act of restoring. Restoring what, in this line.
    Restoring to no debt?
    Debt payment avoidance would have been a more honest line, not the false statement of rehabilitation.

  2. Avatar

    Terry Williams

    Saturday, July 11, 2020 at 6:57 am

    I wonder if they are going to use this already bankrupt and lost jewel of an airline to prohibit international flights due to competition, in-and out of Thailand (long distance) until they are operational again, I wouldn’t be surprised if they did. How much more is that costing the country …and their people?
    Are we heading towards a recession again? I strongly believe so? All the signs are there.

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Jack Burton is an American writer, broadcaster, linguist and journalist who has lived in Asia since 1987. A native of the state of Georgia, he attended the The University of Georgia's Henry Grady School of Journalism, which hands out journalism's prestigious Peabody Awards. His works have appeared in The China Post, The South China Morning Post, The International Herald Tribune and many magazines throughout Asia and the world. He is fluent in Mandarin and has appeared on television and radio for decades in Taiwan, Mainland China, Hong Kong and Macau.

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