Connect with us

Thailand

Thai Airways lays off hundreds of pilots under debt rehabilitation plan

Caitlin Ashworth

Published 

 on 

Thai Airways lays off hundreds of pilots under debt rehabilitation plan | The Thaiger
PHOTO: Thai PBS World

Hundreds of pilots will be laid off under Thai Airway’s debt rehabilitation plan. The cash-strapped airline, which is buried in a debt around 300 billion baht, has also decided to ground 3 types of aircrafts: the Airbus A330-300 and A380, and the Boeing 747.

After months of tackling bankruptcy amid the Covid-19 pandemic, Thai Airways decided to lay off 395 pilots, bringing the airline’s pilots down to 905. The airline says it does not plan to hire more pilots over the next year.

Numerous people have been suspected of mismanagement and corruption that led to massive losses for Thai Airways. A catastrophic decision was made in 2004 when Thai Airways purchased 10 Airbus A340 aircraft for 100 billion baht. The wide-bodied passenger jet came with higher costs on both maintenance and fuel. Thai Airways ended up losing money on every flight. All but 1 of them have been decommissioned and stored at the U-Tapao airport.

In the recent months, Thai Airways has made multiple attempts to try to make some extra cash. With the halt of international travel, Thai Airways did business on the ground and opened a pop-up cafe serving in-flight meals. In November, Thai Airways announced it was auctioning off 34 used passenger aircrafts. They also auctioned off warehouse items and leased its offices for some extra cash.

SOURCE: Nation Thailand

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

16 Comments

16 Comments

  1. Avatar

    Nipral

    Monday, February 8, 2021 at 3:50 pm

    I can’t believe a word of it ! The STV was so successful that million of tourists from
    all around the world flocked into Thailand. Golfers, yachtmen, movie crews, celebrities, billionaires, etc… All high end as the government had foreseen.
    In addition mismanagement and corruption belong to the past in the Kingdom !
    Fake news !
    ????????

  2. Avatar

    Danial Verex

    Monday, February 8, 2021 at 5:19 pm

    Until Thai Airways and all other airlines can put bums on seats, as unbelievable as it sounds, the world remains CLOSED…

    The larger question is how do firms with billions of dollars worth of income generating machinery, that is simply not able to generate a $ (never mind the cost of keeping the machinery) survive..??

  3. Avatar

    Jason

    Monday, February 8, 2021 at 6:13 pm

    Very cynical view… Thai Airways has all the ingredients to make a great airline in the world. I have flown then before a few times and found them very professional. I hope the airline survives. While hindsight shows that TAT and the government have shown that they are better at military order than tourism, with properly experienced management, Thai Airways could be a top airline.

    • Avatar

      Gobsmacked_1

      Monday, February 8, 2021 at 7:04 pm

      True. Well said, and I hope you get the top turn-around consultant job!

  4. Avatar

    Ian

    Monday, February 8, 2021 at 8:02 pm

    Thailand is shutting itself down day by day and the military government just stand by and watch because they havent got a clue what to do just come up with
    Crazy ideas on a daily basis so sad and the worst thing is i dont think they would know how to fight a war ever.

  5. Avatar

    pascal

    Monday, February 8, 2021 at 8:11 pm

    just the beginning it the same for most of airlines which base their business on international transportation. i guess not only the pilots will be grounded, tech staff and ground staff were already lay off. i am working for an airline, we have been hit but hopefully 90% of our flight are domestic.we did target different market, giving up schedule flight for charter operation, some of air crew and ground crew lost their job, some came back few months latter after march last years …….as always only tech did not recover all the staff …..

  6. Avatar

    Jim kelly

    Monday, February 8, 2021 at 9:12 pm

    300 billion????? In a nutshell, TOTALLY UNRECOVERABLE DEBT!! If (???) it was a privately owned operator it would have folded year’s ago…pre-Covid! However, as it’s the “face” of Thailand’s international travel, the country couldn’t suffer the humiliation of letting it go “tits up!”

    • Avatar

      Toby Andrews

      Monday, February 8, 2021 at 11:39 pm

      Jim Kelly’s posted it all.
      Why let the Thai scum pick over the bones of a corrupt failed airline, when so much is owed.
      395 pilot laid off! They should have been sacked 6 months ago.
      In most countries in the world, the management of this corrupt airline would have been arrested.
      I advise that no one should buy a ticket on Thai airways, you might not fly, and there will be no refunds.

  7. Avatar

    Patrick Kelly

    Monday, February 8, 2021 at 10:34 pm

    Empty airplanes …empty airports….possibly for years. Where’s the plan for this occurrence? Lockdown locals who want to wait until the coast is clear have no answer. They just cower in their paranoia.

  8. Avatar

    Lone Ranger

    Monday, February 8, 2021 at 11:04 pm

    I wish THAI all the success it needs. I have flown with it a few times and always had impeccable service. I also suggest The Thaiger recruits a native speaker of English to write these articles. The plural of ‘aircraft’ is aircraft, not aircrafts.

  9. Avatar

    James Pate

    Tuesday, February 9, 2021 at 5:00 am

    Interested to see the revised rehabilitation plan. Perhaps the entire concept of “national flag carrier” is an anachronism that should be scrapped. You can have national pride w/o a flag carrier. I didn’t fly THAI many years for 1 reason only- price. If they can’t compete, they should stop. Take THAI off life support. Yes, service used to be excellent, but friends who fly much more often than me told me it could vary a lot, depending on the route. THAI’s litany of mismanagement and mistakes will probably live on forever as a case study for business students.

  10. Avatar

    Albert Zweistein

    Tuesday, February 9, 2021 at 5:43 am

    I flew Thai in 2019, Zurich – Bangkok business class.The stewardesses were fat old ladies not showing any interest in their job and the food was sub standard.

  11. Avatar

    Ben

    Tuesday, February 9, 2021 at 10:22 am

    Thai Airways is an example of a legacy airline:

    -Oldest staff
    -Highest paid staff
    -Unbelievable employee benefits
    -Most expensive airplanes
    -Most overhead
    -Most expensive airfares

    COVID accelerated its demise and it needs to reinvent itself. The government would be smart to get out of the airline business. Being a private enterprise where you have to do everything in the most efficient/cost effective manner will give it a chance to survive in the future.

    • Avatar

      James Pate

      Wednesday, February 10, 2021 at 6:13 am

      THAI lost its State Enterprise status when the Finance Ministry reduced its stake below 50%. Creditors have yet to approve a debt-servicing plan. We’ll see.

  12. Avatar

    AC

    Friday, February 12, 2021 at 6:37 pm

    Air planes tickets endorsement, this is what l just read from internet and the international rules are very clear. When an airline cancels a flight the customer has the right to a full refound of the remaining value of the ticket. Refounds are on the same form as ticket purchase, cash or credit card. But Thai Airways endorsed the customers with vouchers … amazing Thailand

  13. Avatar

    Amy Sukwan

    Monday, February 15, 2021 at 10:31 am

    A debt jubilee is in order. Since they can print money out of thin air I’m not sure why it’s taking so long. An attempt to salvage legitimacy perhaps?

Leave a Reply

Your email address will not be published. Required fields are marked *



Read more headlines, reports & breaking news in Thailand. Or catch up on your Thailand news.

Caitlin Ashworth is a writer from the United States who has lived in Thailand since 2018. She graduated from the University of South Florida St. Petersburg with a bachelor’s degree in journalism and media studies in 2016. She was a reporter for the Daily Hampshire Gazette In Massachusetts. She also interned at the Richmond Times-Dispatch in Virginia and Sarasota Herald-Tribune in Florida.

Coronavirus (Covid-19)

When can we travel again? World Covid Travel Update | VIDEO

The Thaiger

Published

on

When can we travel again? World Covid Travel Update | VIDEO | The Thaiger

Today we’ll look at the larger world travel picture in this Covid era, and then we’ll check the latest opportunities if you want to come back to Thailand for travel.

So when can we pack the bags and travel again? Well, in theory, right now. But in practice, depending where you’re coming from and where you want to go, that may still be very complicated… and remain so for at least the rest of this year. But some of the world’s travel so-called experts are now speaking in terms of months and not years. Whilst some of that might be optimistic travel industry spin, there may be some greater certainty on re-openings of some sectors of the world travel industry in the next few months.

But first, consider all the variables that need to fall into place for things to go smoothly..

Despite the roll out of various vaccines, and more on the way, some countries are more advanced in that process than others. The appearance of virus mutations could send all the best guesses for an improvement in travel opportunities into disarray. Whilst it seems the vaccines will be a great benefit for victims to avoid the worst ravages of Covid-19, there is still a long way to go to measure the longer term effects on the changes in transmission and community immunity.

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

Continue Reading

Thailand

Thailand tourism sector seeks to reopen the country by July

The Thaiger

Published

on

Thailand tourism sector seeks to reopen the country by July | The Thaiger
Stock photo by Alexandr Podvalny for Pexels

The following was submitted by Open Thailand Safely, a campaign pushing the Thai government to reopen Thailand to international tourism by July 2021.

Leading international tourism companies in Thailand have launched a campaign to reopen the country’s borders from 1 July 2021.

The #OpenThailandSafely campaign was launched 2 March with the support of over 15 major companies including YAANA Ventures, Minor Group, Asian Trails, Capella Hotels and Resorts, EXO and many others. (The full launch list is here)

The Open Thailand Safely campaign has laid out its arguments in a petition which will underpin a formal request to the Royal Thai Government to respond favourably to the rollout of Covid-19 vaccination programmes underway in Europe, USA and other Thailand tourism source markets.

The petition is open to anyone in Thailand or around the world who would like to see the country reopen.

The campaign argues that 1 July is an appropriate date for five reasons: the majority of citizens in many source markets will have been vaccinated by then; it gives time to Thai medical authorities to vaccinate both front line staff in hospitality settings in Thailand and/or vulnerable citizens around the country; it gives international travellers time to make travel plans and bookings; the date gives time to airlines, hotels, tour operators and others to start marketing and sales and get ready for tourism operations to commence; and it will take Thailand at least a year, and maybe longer, to return to the large numbers of international visitors that it had before the Covid-19 crisis.

To ensure the safe reopening of Thailand, the petition argues that “international tourists can be asked to satisfy any safeguards the Thai Government may require. This may, for example, include showing officially recognised proof of a Covid-19 vaccination from their home country, purchasing health insurance, showing proof of a negative Covid test within 72 hours of departure, and so on.”

#OpenThailandSafely was the initiative of leading Bangkok-based private sector travel companies YAANA Ventures, Minor Group and Asian Trails.

The CEO of YAANA Ventures, Willem Niemeijer [pictured right], said: “The 1 July reopening would be a strategic opportunity for Thailand to show a leadership role among Asian countries and prepare the way for a solid recovery of the Thai economy in 2022.”

In the coming days, the Open Thailand Safely campaign will also send the 1st July request to Thailand Prime Minister General Prayut Chan-o-cha, the Minister of Tourism and Sports, Mr Phiphat Ratchakitprakarn, and the Governor of the Tourism Authority of Thailand, Mr Yuthasak Supasorn.

According to the Bank of Thailand and official sources in Thailand, tourism, pre-Covid, was worth about 2.9 trillion baht (US$96.5 billion). Some 39.7 million international visitors in 2019 helped sustain up to 8.3 million jobs. However, arrivals fell to 6.7 million in 2020 making between two and four million people unemployed.

Meanwhile, destinations such as Seychelles, Maldives, Greece and Sri Lanka have either opened borders already or are in discussions to do so in light of successful Covid vaccine rollouts in their key source markets.

People can sign the petition for Thailand to reopen on 1 July at www.OpenThailandSafely.org.

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

Continue Reading

Thailand

Thailand News Today | Dodgy vaccine doctor nabbed,Pattaya club raided for ‘explicit’ shows | March 3

The Thaiger

Published

on

Thailand News Today | Dodgy vaccine doctor nabbed,Pattaya club raided for ‘explicit’ shows | March 3 | The Thaiger

The Bangkok Military Court has issued an arrest warrant for a Royal Thai Army medic who is accused of injecting troops with a fake Covid-19 vaccine. He reportedly made more than 100,000 baht by charging troops, who were on a UN mission, 500 baht each for a tetanus vaccine and a fake Covid-19 vaccine, which an internal army investigation determined was simple saline solution…. Harmless but not very effective.

The Thai Army held a press conference after the medic’s fake vaccine scam made headlines, saying the incident had tarnished the army’s image. The field medic, who was also a lieutenant, injected more than 250 Thai troops stationed in South Sudan on a UN peacekeeping mission with the fake vaccine, claiming it was the head doctor’s order. An Army spokesperson says the medic was in the Thai-South Sudan Horizontal Military Engineering Company and “is a serious disciplinary offence and also violates ethical standards as the wrongdoer is a doctor.”

The governor of the central province of Samut Sakhon is slowly recovering after more than 2 months battling Covid-19. Weerasak Wichitsangsri tested positive for the virus in late December and subsequently ended up on a ventilator for over 40 days. It’s understood Weerasak’s time on the ventilator was a record for the hospital and, at times, medics were unsure if he would recover.

Pattaya City Police inspected a nightclub after reports that the venue was hosting pornographic shows over the weekends. Although the nightclub, named as Dragon Man Club in Thai media, wasn’t presenting a sexually explicit show when officers dropped in, the owner was arrested for operating an entertainment business and selling alcohol without the proper permit.

The Thai government has approved a budget of over 6 billion baht to procure an additional 35 million doses of Covid-19 vaccines. The budget was approved at a Cabinet meeting yesterday.

The Covid-free gulf islands of Koh Samui, Koh Phangan, and Koh Tao are offering special discounts and privileges to tourists until the end of April. Over 80 tourism operators are taking part in the program.

In an act of good will, navy officials have rescued 4 cats from a ship that had caught fire and began to sink about 13 kilometres off Koh Adang in the southern province of Satun. The ship’s 8 member crew had jumped off the sinking vessel and were rescued by a passing fishing ship, but the cats were left onboard.

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

Continue Reading
Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO | The Thaiger
Tourism6 hours ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2 | The Thaiger
Phuket1 day ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Phuket Thai food treats you need to try | VIDEO | The Thaiger
Tourism1 week ago

Phuket Thai food treats you need to try | VIDEO

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23 | The Thaiger
Thailand1 week ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

In search of Cat & Dog Cafés in Phuket Town | VIDEO | The Thaiger
Tourism1 week ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21 | The Thaiger
Thailand1 month ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19 | The Thaiger
Thailand1 month ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18 | The Thaiger
Thailand1 month ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15 | The Thaiger
Thailand2 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14 | The Thaiger
Thailand2 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13 | The Thaiger
Thailand2 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12 | The Thaiger
Thailand2 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11 | The Thaiger
Thailand2 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8 | The Thaiger
Thailand2 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Thailand News Today | 305 infections, No happy ending for massages, Phuket quarantine mooted | Jan 7 | The Thaiger
Thailand2 months ago

Thailand News Today | 305 infections, No happy ending for massages, Phuket quarantine mooted | Jan 7

Follow The Thaiger by email:

Trending