Thai Airways
- Thailand News
Nok Air submits business rehabilitation plan, now up for creditor approval
Nok Air handed in its business rehabilitation plan after extending the deadline twice. The airline’s creditors will meet to discuss the plan and decide whether to approve the plan. It would then need to be approved by Thailand’s Central Bankruptcy Court. Nok Air is the second national carrier to file a rehabilitation petition with the Central Bankruptcy Court over the past…
- Thailand News
Thai Airways restructuring plan approved by creditors
The restructuring plan to tackle Thai Airways International’s more than 300 billion baht debt, one of Thailand’s most high profile bankruptcy cases, was approved by the airline’s creditors, its legal advisor told Reuters reporters this afternoon. The plan was approved by 90% of the creditors. It will be reviewed by the Central Bankruptcy Court on May 28. In a previous report,…
- Thailand News
Thailand News Today | Bangkok extends restrictions, Brits told to stay away from Thailand | May 17
High infection report stems from more positive infections emerging from Bangkok’s prison system, Bangkok city hall has announced an extension of temporary closures of public venues in Bangkok until May 31, a new arrival regime in Phuket, Brits were told to bypass countries that are designated as amber, including Thailand, for this year’s summer holidays and drugs valued at nearly100…
- 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…
- Thailand News
Thailand News Today | Thai government throws TG under bus, new police uniforms | May 10
Forum Moderator Application… HERE In today’s Thailand News Today we look at… State Enterprise Policy Office says the government will not bank-roll a billion-baht cash injection for Thai Airways, Public buses, cars, and motorbike taxis now need to comply with tougher Covid-19 measures, After a 3-day search, a body of a missing fisherman was found off the coast of Lin…
- Business News
Government will not re-capitalise struggling Thai Airways
The State Enterprise Policy Office says the government will not back a billion-baht cash injection for Thai Airways. The national airline is currently been dragged through bankruptcy proceedings. Pantip Sripimol from the SEPO says the Thai Finance Ministry will not re-capitalise the carrier, although it remains its largest shareholder. The Bangkok Post reports that there are concerns Thai Airways could…
- Thailand News
Thailand News Today | Scrap THAI and rebuild, Phuket promises expats will be vaccinated | April 28
Plans to create a new national airline to replace the struggling Thai Airways are meeting opposition from the national airlines’ employee union, Phuket’s resident foreigners are being called out again over their alleged failures to comply with Covid-19 safety measures. Phuket Governor re-promises that expats and foreigners will be vaccinated. 2,012 new Covid-19 infections and 15 coronavirus-related deaths have been reported…
- Thailand News
Thai Airways employee union push against forming a new airline
Plans to create a new national airline to replace the struggling Thai Airways are meeting oppositions from the employee union. The union insists that Thai Airways is a known brand worldwide and has contributed significantly to the economy of Thailand and deserves aid and rehabilitation. In the past, Thailand’s flagship international airline spent years as a state-owned property until the…
- Thailand News
Thai airlines facing another setback
With more trouble on the horizon for Thailand’s airlines, they’re now pressuring the Government to step up the vaccination push. Adding to their recent woes, guidelines were released by the Civil Aviation Authority of Thailand, where all domestic flights scheduled between 11 pm and 4 am are now suspended, in-flight services have been cancelled for now and, well, passenger bookings…
- 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…
- Tourism News
Phuket Airport welcomes first 7 day quarantine travellers
In the early hours of Saturday, a flight arrived at Phuket International Airport welcoming the first travellers to benefit from the reduced mandatory quarantine launched on April 1. The reduction of the isolation period is part of the 4 stages of fully reopening Thailand to international tourism, planned to roll out over the next 8 months (and probably into early…
- 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…
- Thailand News
Thailand News Today | Another visa extension approved, Thai Airways goes retail | March 31
Thai Immigration has extended the current visa extension visas for people who are still stuck in the country. The Thai Immigration Bureau announced the news through an urgent public memo yesterday. The previous extension allowed those visa holders to stay until the end of March. The new extension lasts for 60 days, which would allow people to stay until July…
- Thailand News
Airlines in Thailand push for July reopening and quicker roll out of vaccinations for employees
Airline operators in Thailand are seeking a July reopening date and are pushing to get workers vaccinated against Covid-19 within the next 2 months, along the same timeline as many in the travel sector prepare for July’s anticipated launch of the “sandbox” scheme in Phuket. Under the sandbox model, vaccinated travellers will be able to travel to the island province…
- Thailand News
Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4
Thai Airways has submitted a rehabilitation plan in accordance with a Central Bankruptcy Court order after the the receiver’s appointment last September. The airline’s acting president says the rehabilitation plans aim to fully restructure and help the national flag carrier to regain profits. The company has revealed its planned recovery to the media and says the savings and new profit…
- Transport News
Thai Airways submits rehabilitation plan
Thai Airways has submitted a rehabilitation plan in accordance with a Central Bankruptcy Court order after the the receiver’s appointment last September. The airline’s acting president Chansin Treenuchagron says the rehabilitation plans aim to “fully restructure and help the national flag carrier to regain profits”. In a press release, the company revealed its planned recovery is expected to come from…
- Thailand News
Thailand News Today | Vaccines have arrived, roll out from Monday | Feb 24
In today’s Thailand News Today, the government is at least now talking about lifting the mandatory quarantine, the first Covid vaccines will start in Thailand next Monday, and protesters change gears and go after alleged corruption in the Thai police force. We’ve also got a special report about the latest in the Thai Airways saga, all on our YouTube Channel.…
- Thailand News
Thai Airways president says “no,” they’re not buying more airplanes in 2025
After news that the bankrupt airline was planning to buy 20 to 30 more passenger jets in 2025, the Thai Airways International acting president says “no,” there is no plan to purchase more aircraft, and if flight demand goes up, the strapped-for-cash company will consider renting first. Nation Thailand reported that the airline was planning to buy up to 30…
- 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…
- Thailand News
Thailand News Today | PM parliamentary rebuke, ‘OnlyFans’ Covid alternative | February 17
Thai airlines and hotels say that the tourism crisis in the year ahead is set to dwarf last year’s in terms of its impact, a lack of customers, and an absence of government aid. Asia Aviation, the largest shareholder in Thai AirAsia, is warning that when international tourism eventually does resume, there may not be enough suppliers to meet demand…
- Tourism News
Turbulence ahead for Thailand’s aviation industry | VIDEO
When the airlines, in particular, were asking the government to put their hands in their pockets for some relief funding in August last year, it was genuinely thought that international tourists would be coming back for the high season in December and January. At the very least local tourists and expats would head back to the skies over the traditional…
- Covid-19 News
Thai Airways to deliver first doses of Covid-19 vaccine on February 24
Thailand’s national carrier, Thai Airways International, is being tasked with transporting 200,000 doses of a Covid-19 vaccine from China to Bangkok, arriving next week. The CoronaVac jab from Chinese manufacturer, Sinovac, will be the first Covid-19 vaccine to be administered in the Kingdom. Nation Thailand reports that Thai Airways flight TG675 will take off from Beijing at 6.50am local time…
- Thailand News
Thailand’s first low-cost airline founder dies
Thailand’s first low-cost airline founder has died at the age of 66. Udom Tantiprasongchai, who passed away yesterday, started his business in 1994 with Cambodia International Airlines. The airline began operating regular flights from Phnom Penh to Phuket before expanding to other areas in Southeast Asia. After his airline licences were revoked by the Cambodian government, he started Orient Thai…
- Business News
Thai Airways delays take off in 2021 | VIDEO
Due to the current outbreak of Covid-19, Thai Airways, Thailand’s flagship airline, is reducing its international flight schedule until at least March 27. A limited schedule of domestic flights are still operating as normal under the airline’s domestic carrier Thai Smile. Thai Airways will reduce international flights to the following destinations: Asia •Hong Kong: One daily return flight – TG638/TG639…
- Tourism News
The world aviation industry suffers Annus Horribilis | VIDEO
In the Asia-Pacific, where the affect of Covid-19 has been lower (at this stage), the passenger load was 30-40% down, compared to last year. Overall, international flights for the latter part of 2020 are down 75% year on year. The world’s aviation industry has been profoundly affected by the border closures and restrictions as a result of the Covid-19 pandemic…
- Phuket News
Cheaper flights to Phuket a possibility to help revive the tourism industry
Some say cheaper flights to Phuket will entice people to visit the island and get the once booming tourist destination back on its feet. Along with talk of lowering the price of tickets, those at a stakeholder meeting at the Thai Airways International headquarters in Bangkok say more direct international flights to the island also need to be reinstated. The…
- Transport News
Thai Airways delays resumption of domestic flights due to local Covid-19 cases
Thai Airways flights to Phuket and Chiang Mai were supposed to start back up on Christmas day, but the recent Covid-19 local transmissions have led the airline to push the relaunch date back. Now the flights from Bangkok will take off on January 1, but if the virus continues to spread, the airline might decide to delay the flights indefinitely.…
- Thailand News
Thailand News Today | Thai Airways corruption, Southern floods, Border Covid outbreak | Dec 3
Thursday’s edition of Thailand News Today, including the latest in the local cases popping up in Northern Thailand. Thailand’s most watched English language news. 20 more people suspected of being involved in corruption at Thai Airways 20 people are now under suspicion of corruption and mismanagement within Thai Airways as accountants unravel the massive losses for the airline, spanning a…
