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No role for Transport Ministry in Thai Airways rehab plan

Maya Taylor

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After initially insisting on having a say in the management of the rehabilitation plan for the beleaguered Thai Airways, the Ministry of Transport has conceded that, with its holding in the airline reduced to less than 50%, it no longer has any jurisdiction over what is now a listed public company.

Deputy Transport Minister Thaworn Senneam says the struggling carrier is no longer a state organisation under its control and administration of the court-approved rehabilitation plan now sits with the Finance Ministry.

Thai PBS World reports that both ministries had clashed over who would oversee the plan as, until filing for bankruptcy protection, the airline was both a listed public company with the Finance Ministry as its largest shareholder, and a state enterprise under the Transport Ministry.

The Transport Ministry had hoped to recommend 4 people as members of a “super board” that would oversee the administration of the airline’s rehabilitation plan, with other members to be nominated by the Finance Ministry.

The jockeying for position of the ‘super board’ has already begun with prominent names publicly putting themselves forward.

SOURCE: Thai PBS World

 

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3 Comments

3 Comments

  1. Avatar

    malcolm hughes

    Tuesday, May 26, 2020 at 2:40 pm

    The sooner that board has directors who know how to run an Airline the better. Thai Airways is in this position because the board has been made up of people who haven’t a clue, but only on how much they’ll get paid. I see some are still insisting on being on the board, pay must be really good!

  2. Avatar

    John cameron

    Tuesday, May 26, 2020 at 6:02 pm

    To much cronyism &corruption over last 20 yrs or more . No farangs , thais know best !!!! .

  3. Avatar

    Allan

    Wednesday, May 27, 2020 at 12:25 pm

    Many airlines around the world are changing configuration of planes to passenger cargo..all accept Thai Airways.. Thailand NEEDS that cargo freight availablity, the airline needs to fly.. they need to sort themselves out and start flying again..they have several older planes due for decommissioning that would make excellent Passenger cargo planes.. they need a leader.. unfortunately I don’t think they will get one!

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