Thai Airways International
- Thailand News
Thai Airways launches direct flights from Bangkok to Istanbul
Thai Airways International (THAI) is set to start direct flights from Bangkok to Istanbul on December 1, marking a significant expansion of its international flight network. The announcement was officially made in a recent launch ceremony, presided over by the Chairperson of THAI Plan Administrators, Piyasvasti Amranand, and the Ambassador of the Republic of Turkiye to Thailand, Serap Ersoy. The…
- Business News
Smooth skies ahead: THAI-turkish partnership signals global travel upswing
A monumental leap forward for international air travel took flight yesterday when Thai Airways International (THAI) and Turkish Airlines secured a memorandum of understanding. The anticipated partnership will focus on the cut-throat competition prevalent on Asia-Europe routes. Commonly, airline collaborations entail synchronising schedules and revenue sharing. For instance, Qantas Airways and Emirates have a working partnership on Europe-Australia services. However,…
- Transport News
Thailand to spend US$250 million on private VIP jets
The Cabinet approved an 8.8-billion-baht (US$270 million) budget to procure private VIP jets for members of the Thai royal family, ministers and honoured guests. Proposed by the prime minister’s secretariat and approved on Tuesday, the plan includes the procurement of new aircraft and components and the training of personnel. It’s just the latest of many curious budget decisions we can…
- Tourism News
Thai Airways rehab plan soars ahead of schedule
The embattled Thai flag carrier has sold at least eight aircraft and other non-core assets since October, as part of Thai Airways‘ rehab plan. Thai Airways International updated its ongoing bankruptcy rehabilitation to the Stock Exchange of Thailand (SET). THAI, whose subsidiary – Thai Smile, made global headlines yesterday after a mid-air brawl captured on video went viral– said in…
- Economy News
Tenfold tourist increase due after Thailand-Saudi route opens
Thailand is expecting a tenfold increase in visitors from Saudi Arabia after the launch of the Bangkok to Jeddah route on August 19. Deputy government spokesperson Rachada Dhnadirek estimates that the upcoming launch of the direct air route between the holy city of Mecca and the Kingdom of Thailand’s capital city will push up the number of visitors from 30,000…
- Thailand News
Thai Airways selling 10 properties to raise capital
With deepening debt and the Covid-19 pandemic dragging on and flattening the tourism and travel industry, Thai Airways International is looking to sell off some large assets like buildings and properties to stabilise the struggling airline. The airline has been in the throes of bankruptcy and debt rehabilitation for months now after failing to secure a bailout from the government.…
- Thailand News
Central Bankruptcy Court approves Thai Airways debt restructuring plan
The high profile restructuring plan to tackle Thai Airways International’s around 400 billion baht debt was approved by the Central Bankruptcy Court today. While the pandemic hit airlines across the globe, Thai Airways has been recording losses for nearly a decade. The record loss of 141.2 billion baht posted last year prompted the struggling airline to file for bankruptcy protection.…
- Tourism News
Thai Airways to fly 5 Phuket routes to Europe
With several airlines in the Middle East announcing July 1 reopenings of flights to Phuket, Thai Airways has finally announced plans to fly in and out of the island from Europe. As the Phuket Sandbox plan climbs closer and closer to being officially approved, airlines are scheduling flights. Now Thai Airways has announced direct flights from 5 European cities beginning…
- Tourism News
Thai Airways introducing limited direct flights between Europe and Phuket
Thai Airways is testing the waters (so to speak) by introducing a limited number of direct flights from Europe to Phuket, ahead of the southern island’s July 1 re-opening. The national carrier, currently in the throes of restructuring after teetering on the brink of bankruptcy, has started selling direct flights from 4 European cities to Phuket. According to a Bangkok…
- Business News
No government bailout for Thai Airways
A final meeting for a vote on the Thai Airways debt restructure program is set for this Wednesday after being postponed last week. Meanwhile, a source close to those managing Thai Airways’ debt rehab plan, says the state is not obliged to provide a bailout for the national carrier. The Bangkok Post reports that Chansin Treenuchagron, acting president for Thai…
- Thailand News
Thai Airways debt restructuring vote pushed back to next week
The vote on Thai Airways International’s debt restructuring plan has been postponed and rescheduled for next week. The national airline needs the plan to be approved by more than 50% of creditors to move forward with the bankruptcy proceedings. The airline’s total liabilities stack up more than 300 billion baht. With flight suspensions over the past year brought on by…
- 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…
- Business News
Labour union angry over changes to Thai Airways staff contracts under rehab plan
Union representatives are questioning changes made to the employment terms of Thai Airways staff as part of the national carrier’s debt-restructuring plan. The labour union claims the changes have removed or diluted several staff entitlements and welfare benefits, pointing the finger at acting president, Chansin Treenuchagron, who signed the orders. The union is calling on the Department of Labour Protection…
- Thailand News
Cash-strapped Thai Airways plans to buy 20 to 30 aircraft in 2025
UPDATE: The acting president for Thai Airways says the company does not plan to buy more airplanes in 2025 and if flight demand goes up, the company will consider renting first. A source told Nation Thailand that the airline plans to buy more planes when the aviation industry recovers, but acting president Chansin Treenuchagron says that is just a “rumour.” …
- Thailand News
Some Thai Airways employees accused of faking death certificates for funeral allowances
In yet another case of alleged corruption linked to Thai Airways, some employees are accused of using fake death certificates to receive funeral allowances provided through the company’s savings cooperative, causing an estimated 14 million baht in damages. A complaint was filed today with the Crime Suppression Division by 20 members of the Savings Cooperative for Employees of Thai Airways…
- Business News
Thai Airways to launch one-off flight over sacred Buddhist sites
Thai Airways has announced a special flight on November 30 that will give passengers the opportunity to chant Buddhist mantras while flying over 99 sacred sites in the Kingdom. Wiwat Piyawiroj, executive vice-president at the struggling national carrier, says passengers will fly over Bangkok and 31 provinces, taking in 99 holy sites, over which they will be able to chant…
- 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.…
- Business News
Thai Airways seeks to conserve finances by offering unpaid leave, early retirement
Thailand’s long-suffering national carrier is trying to conserve what cash it has by offering staff early retirement or unpaid leave. Thai Airways says it’s seeking to reduce its workforce in an attempt to stretch its finances to April 2021. According to a Bangkok Post report, acting president Chansin Treenuchagron says 80% of the airline’s employees have agreed to salary cuts…
- Business News
Thai Airways to provide flights to some international destinations this month
Thai Airways, the beleaguered national carrier currently undergoing a “rehabilitation” process (code for bankruptcy and restructure proceedings), says it’s laying on a number of special flights to destinations outside the Kingdom this month. Nation Thailand reports that the airline is introducing flights to Hong Kong, Taipei, London, Copenhagen and Stockholm. Executive Vice President Wiwat Piyawiroj says the flights are being…
- Business News
Company drafts THAI’s rehab plan, faces criticism
The rehabilitation plan for Thai Airways International, or THAI, isn’t looking great. It was presented to the Central Bankruptcy Court yesterday and creditors questioned the expertise of the company chosen to draft the plan. EY Corporate and Advisory Services, appointed by THAI, faced criticism regarding their technical experience when it comes to drafting a plan to restructure a company, especially…
- Business News
Thai Airways unlikely to resume flights in August
Anyone expecting the beleaguered Thai Airways to resume its flight schedule in August should not hold their breath. That’s the word from reliable sources in the industry, who predict the national carrier will not take to the skies again until September at the earliest. A report in TTR Weekly says the airline, currently undergoing a rehabilitation process, has extended its…
- Business News
AOT considering joint venture with Thai Airways to keep services running
The company that runs 6 of Thailand’s airports says it wants to work with Thai Airways to ensure airport services can continue while the national carrier goes through a “rehabilitation” process and struggles with the loss of business caused by the Covid-19 crisis. Airports of Thailand president Nitinai Sirismatthakarn says the AOT board is in talks about a joint venture…
- Business News
Thai Airways petitions overseas creditors not to confiscate its aircraft
Thailand’s beloved but beleaguered national carrier is appealing to creditors in Switzerland, Japan and Germany not to seize its aircraft, while a similar request is being prepared for US creditors. If each country’s court approves the petition, Thai Airways assets will be protected against seizure when they fly into their jurisdictions. In particular, the airline will not risk having its…
- Business News
Former senior prosecutor says Thai Airways rehab plan will unveil extensive corruption
“…the public would continue to be kept in the dark, while the parasites carried on sucking the blood out of the airline.” A former senior crime prosecutor predicts that the rehabilitation plan for Thai Airways is bound to expose extensive corruption in the management of the stricken airline. Posting on his Facebook page, Wanchai Roujanavong says what’s about to come…
- Business News
No role for Transport Ministry in Thai Airways rehab plan
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…
- Travel
Thai Airways defends in-flight catering following Facebook complaint
PHOTO: Thai Airways Thailand’s national airline has defended its meal service after an economy class passenger travelling from Bangkok to Sapporo criticised the food served during his flight. The passenger posted about his experience on Facebook, saying he only received a sandwich and a drink. His post was then widely shared across the social network, leading to the airline’s president…
- Opinion
Saving Thai Airways
PHOTO: The pleasant smile and wai won’t fill aircraft seats anymore Whilst it’s always a generally pleasant experience flying Thai Airways, the airline, in a business sense, is a basket case racking up nearly a decade of losses, first under the Yingluck Shinawatra Government and then the military government of the NCPO. Most people in aviation circles agree on the…
- Transport News
Executives at Thai Airways asked to take pay cut
PHOTO: Thai Airways and Thai PBS World “An unnamed source in the Transport Ministry says the airline’s financial predicament is very serious and puts it at risk of bankruptcy.” The country’s national flag carrier, Thai Airways, could be in deep financial trouble and may need to delay repaying its debt or seek new loans. Thai PBS World reports tat the…
- 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…
