national airline
- World News
Singapore Airlines launches 60 minute A380 flights
It’s designed to ferry lots of people long distances, in an ultra-quiet flying experience. So flyers would be used to flying the huge Airbus A380 from LA to London, Bahrain to Frankfurt, Melbourne to Hong Kong. The massive super jumbo airliner wasn’t designed for a short 1 hour hop. But that’s exactly what Singapore Airlines have planned now they’re getting…
- Business News
Thai Airways’ creditors to vote on rehab plan today
Today is D-Day for Thai Airways, with 13,000 creditors voting on whether or not to accept the struggling airline’s rehabilitation plan. According to a Bangkok Post report, a source at the airline has warned that should creditors reject the plan, the carrier will be declared bankrupt and they would only receive 12.9% of what they’re owed. In the event of…
- Transport News
Thai Airways cuts another 4,250 staff, offering them early retirement
4,250 Thai Airways employees have been pushed into an early retirement after failing a screening process for remaining employees. The process was a necessary result of the national airlines’ dire financial situation and current debt restructuring program. Remaining staff are being forced into new, leaner contacts. The 13,554 remaining Thai Airways staff went through the screening program. 9,304 passed, according…
- Food
Thai Airways food landing in 7-Eleven next month
Warning. Some low-altitude turbulence is coming to a 7-Eleven near you. Thai Airways has cooked up a new money-making scheme during Covid-19 to sell its airline food in 7-Eleven. Set to take off on April 15, the mostly grounded and indebted airline will attempt to offset its losses during the pandemic by selling food in the ubiquitous convenience store and…
- Tourism News
Nearly 5,000 Thai Airways staff to deplane in voluntary resignations
Officially, 4,977 staff at Thai Airways have applied for different stages of its Mutual Separation Plan for the survival of the airline. In other words they’ve been politely asked to resign. The airline employs about 20,000 people. The beleaguered national carrier has endured a decade of substantial losses, endless headlines about systemic corruption, padded senior staff contracts and executive perks.…
- Thailand News
Flights to nowhere. The latest ‘cunning plan’ by Thai Airways
Sort of counter-intuitive, but you get on a plane, take off, and land at the same airport. Not usually the way it’s meant to work, but that’s the latest brain child of the Thai Airways management, via their budget Thai Smile brand, who are already back in the air. The idea is to offer people who have missed the experience…
- Thailand News
Thailand News Today | Visa amnesty, sealing Burmese border, Thai airways creditors | September 24
Latest update for September 26 deadline of visa amnesty. Deadline set for THAI creditors A date has now been set for creditors to recover their money from Thai Airways. Applications for debt repayment through corporate bonds started yesterday. Applications filed by private individuals are being received at the Securities and Exchange Commission office in Bangkok. The deadline for applications is…
- World News
EU temporarily bans flights from Pakistan International Airlines
The European Union Aviation Safety Agency has announced today that Pakistan International Airlines would not be allowed to fly to Europe for at least six months after the country ‘s aviation minister revealed that nearly a third of Pakistani pilots had cheated during their pilot tests. Pakistan International Airlines spokesperson Abdullah Hafeez said that because of the pandemic, PIA has…
- Tourism News
Thai Airways pushes back resumption of international services to August
Thai Airways, with more problems than most airlines at the moment, has pushed back its resumption of international services from the start of July to August. Maybe the flight schedulers know something the rest of us don’t….? The Civil Aviation Authority of Thailand has pushed back the resumption of international flights twice already. The current ban will finish on June…
- Transport News
Thai Airways ponders bankruptcy as it enters rehab
Thai Airways, which turns 60 years old this month, recorded a net loss of US$66 million in 2017, US$361 million in 2018 and US$374 million last year. As the airline contemplates getting its grounded planes back in the air, it’s now confronted with a PR disaster at home as the government ponders a bailout valued around 60 billion baht, around US$1.8…
- Transport News
Thai public balks at Thai Airways’ 60 billion bail out
A big decision is on the horizon for Thai Airways, the beleaguered national carrier. Crucial decisions are now being discussed which will define the airlines’ future. The airline was still haemorrhaging cash well before the coronavirus crisis started grounding planes from the start of February this year. Thai Airways’ fortunes have been in a death spiral for the past decade,…
- Pattaya News
Airbus pulls the plug on the joint Thai Airways’ maintenance facility at U-Tapao
Airbus, the European multinational aircraft manufacturer, has pulled the plug on an 11 billion baht joint venture with Thai Airways. The project was to develop a maintenance, repair and overhaul facility at the U-Tapao Airport in Rayong province. The airport also serves the seaside resort of Pattaya. The pull out is a huge blow to the Thai Government’s much hyped…
- Business News
Thai Airways says it won’t get into a price-war with other airlines
PHOTO: YouTube National carrier Thai Airways says it won’t head down the ‘price-cutting’ route to be competitive in 2020. The struggling airline says, instead, they will focus on building a solid customer base and tap specific route segments. Airline president Sumeth Damrongchaitham says the carrier will continue to recruit stronger marketing partners and estimated that the aviation industry would continue…
- Transport News
Thai Airways’ losses reach 11 billion baht this year
Thai Airways International has announced the turnover of the company and its affiliates for Q3 of 2019, reporting net losses of 4.68 billion baht, a full 27% higher than last year’s result, an additional loss of 994 million baht. In the third quarter of 2019, the company and its affiliates generated revenue of 45.016 billion baht, which is 6.1% or…
- Transport News
Thai Airways management ‘asked’, staff ‘told’, to cut expenses
PHOTO: Both management and staff likely to lose some entitlements under new policy to reduce costs In a move that will likely contribute little to the airline’s rehabilitation, Thai Airways is trying to reduce expenditures on staff travel. Meanwhile the airlines’ management is being ‘asked’ to reduce some of their expenses. The moves are part of a range of new…
- Business News
“No liquidity crunch” – Thai Airways’ President
PHOTO: Sumeth Damrongchaitham, Thai Airways’ President “Deputy PM says the rehabilitation plan had been implemented for a while now, but there was still no sign of the losses easing.” The President of national flagship carrier Thai Airways International is denying reports that it is experiencing a liquidity crunch. Sumeth Damrongchaitham claims that Thai Airways has sufficient cash flow “for present…
- Transport News
Former finance minister says government shouldn’t bail out Thai Airways
Former Thai Finance Minister and current Democrat list MP Korn Chatikavanich is voicing his concerns over the financial crisis gripping Thai Airways and objects to any plan to use taxpayer money to rescue the ailing legacy airline. Korn says Thai Airways’ financial current troubles are similar to the situation in 2008, when the company struggled to find money to repay…
- Transport News
Thai Airways needs restructuring to survive
Store your tray table and buckle up. It’s going to be a bumpy ride at Thai Airways. The airline’s president Sumeth Damrongchaitham say Thai Airways needs complete restructuring if it is to survive in the highly competitive aviation business. Sumeth said that under the restructuring, Thai Airways will focus more on the international market and link up with other members…
- Thailand News
Thai Airways’ profits dive 83% year-on-year
Thai Airways has had an 83% dive in profits for the first quarter of 2019. The Q1 balance sheet came out yesterday. The airline’s management is blaming the high baht, the ongoing US-China trade wars and the closure of Pakastani airspace (forcing rerouting of its Eurpean flights), for the drop. • Net profit of 456 million baht, down from a…
- Business News
Thai Airways doubles up on 2017 losses
Thai Airways has doubled up on losses for the past three months (Q3), compared to the same period last year. They’ve reported an operating loss of 3.69 billion baht, up 103% year-on-year. The total revenue was actually up 2.2%, according to a statement from the Thai Airways president, Sumeth Damrongchaitham, but the operating costs were up 1.87 billion baht, compared…
