Thai Airways
- Thailand News
Thailand News Today – Friday, May 29
Thailand Covid-19 figures 11 new cases of Covid-19 virus in Thailand, same as yesterday. Of the number, all were reported as imported cases coming from Kuwait. All were Thai nationals returning from overseas and have been placed into a mandatory 14 day state quarantine. For the 4th day in a row, Thailand has announced zero locally transmitted cases. Radio station…
- Covid-19 News
Thai Airways can’t refund 24 billion baht in unused tickets
Thai Airways’ recent declaration of bankruptcy and debt rehabilitation has left many holders of unused tickets high and dry. The carrier grounded its fleet in early April due to the Covid-19 crisis, and is now unable to refund tickets purchased for the period since. The troubled national flag carrier’s PR department said yesterday it is unable to offer refunds at…
- 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…
- Business News
New Thai Airways board will nominate 4 ‘professionals’ to execute restructure
Thai Airways first took off as the national airline on May 1, 1960 with its first passenger-carrying flight. 60 years later it’s now poised for a massive dissection as it enters bankruptcy proceedings and restructuring. It’s 60th birthday passed without fanfare or announcement as the pride of the nation scrambles for survival – a victim of a global pandemic, years…
- Politics News
Thai Airways to lay off 30% of its staff
“THAI will stop repaying all debt and start from scratch.” The government announced today that Thai Airways will have to dismiss more than 6,000 employees after entering into receivership proceedings and a debt moratorium of 200 billion baht. The Cabinet decided to push Thai Airways into a bankruptcy procedure under the Bankruptcy Act and ordered the Ministry of Finance to…
- Economy News
Thai Airways union says it won’t oppose bankruptcy proceedings
“We opposed this position before but after reexamination, we have to show creditors that Thai Airways will genuinely follow the restructuring plan. Including adjustments to the board and staff.” In an abrupt reversal, the president of Thai Airways’ labour union announced yesterday that the union won’t oppose the government’s plan to reduce holdings in the airline and restructure the carrier…
- Economy News
More trouble for ailing Thai Airways as Airbus calls in its debts
Even as struggling national flag carrier Thai Airways strives to come up with blueprint for financial recovery, Airbus is calling in its debts on 30 aircraft rented by the airline. Thailand’s deputy transport minister says the company’s debts were checked on May 15, when documents showed that Airbus is trying to collect debts for rental of 30 airplanes as the…
- Thailand News
Thai Airways’ credit rating downgraded
The credit rating for Thai Airways will be downgraded before bankruptcy restructuring takes place. Tris Rating (Thai Rating and Information Services) has downgraded the company rating for Thai Airways and its rating for Thai Airway’s senior unsecured debentures from “BBB” to “C” while maintaining a negative Credit Alert. Following the government’s resolution yesterday it seems that the national carrier has…
- Business News
Thai Airways files for bankruptcy protection
Despite Thai Airways issuing a press statement and taking to social media to deny rumours it intends to file for bankruptcy, various media reports appear to confirm the struggling carrier will file for Chapter 3/1 of the Corporate Reorganisation section of the Bankruptcy Act. This is the Thai equivalent of Chapter 11 bankruptcy in the US. TTR Weekly reports that…
- 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,…
- Transport News
Thai Airways should file for bankruptcy: former finance minister
A former Finance Minister is proposing that Thai Airways formally file for bankruptcy, so the troubled national flag carrier can use the protection of the country’s bankruptcy law to begin rehabilitation. Kla party leader Korn Chatikavanich maintains that this is a “golden opportunity” for the financially battered airline to enter administration, under the bankruptcy process, and clear the way for real,…
- Thailand News
Thailand News Today – Thursday, April 30
Thailand Covid-19 update: 7 new cases, no new deaths The CSSA has announced this morning that Thailand had only 7 new cases of the Covid-19 nationwide in the previous 24 hours. 3 of the new cases were imported, meaning that they came from Thai nationals returning to the country from overseas. All were immediately quarantined. Only 4 cases came from…
- Economy News
Thai Airways gets another lifeline from the government
Thai Airways is finally getting a reprieve, after years of financial woes and corporate drama. The struggling national carrier is getting a lifeline in the form of a bailout loan. Finance permanent secretary Prasong Poontaneat made the announcement yesterday, after a meeting chaired by PM Prayut Chan-o-cha. The State Enterprise Policy Committee meeting approved “in principle” the proposal to rehabilitate…
- Covid-19 News
32 domestic flight routes approved for May as Thais take to the air again
As Thailand starts to open doors and get people back to work again, the Department of Airports director general has announced the opening of 14 airports across Thailand. But the airline industry, basically grounded over the past month, has a long road ahead. From the start of May, only 32 domestic flight routes will be allowed to operate under the…
- 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…
- Covid-19 News
AoT, already struggling, deny investing in faltering Thai Airways
“We’ve got enough problems of our own.” Airports of Thailand is denying claims that it is interested in acquiring a stake in the financially floundering flag carrier Thai Airways, saying that they too are struggling with the sharp drop in revenue after airlines and airport shutdowns related to the Covid-19 pandemic. Thai Airways, once considered one of Asia’s most luxurious…
- Covid-19 News
Passengers on 2 Thai Airways flights from London test positive for coronavirus
Authorities in Nonthaburi province, just outside Bangkok, have announced that passengers of 2 Thai Airways flights from London to Bangkok may be at risk of contracting the Covid-19 coronavirus because 3people on those flights were found to be infected. The 3 passengers developed symptoms en route and later tested positive. In a Facebook post, the Nonthaburi Provincial Public Health Office…
- Covid-19 News
Thai Airways goes into hibernation until end of May, others ground fleets too
After a decade of financial struggles and corporate upheaval, Thailand’s national flag carrier, Thai Airways, with a previous reputation as one of Asia’s premier airlines, is ceasing all flights for a period of at least two months, due to the Covid-19 coronavirus pandemic. The Civil Aviation Authority of Thailand has now allowed the suspension of all domestic and international flights.…
- Covid-19 News
Thai Airways suspends all flights, some from today
The Covid-19 coronavirus pandemic has claimed another victim: Thai Airways, the national carrier, has announced the suspension of all operations until May 31. The struggling carrier, once considered one of Asia’s most luxurious airlines, said yesterday that the suspension is necessary “because the global pandemic has prompted many countries to impose border closures and lockdowns, forcing many Thai offices abroad…
- World News
Thai airways cancels 32 flights to 12 countries
Reports from Thai Airways International say that due to the spread of the Covid-19 disease the national airline is obligated to announce the cancellation of international flights. In order to meet the traveling needs of decreasing passengers, the airline have announced cancelled flights to and from 12 countries, totalling 32 flights. These flights include… 1. Nepal, Kathmandu, 2 flights, TG…
- Economy News
Airlines offered drop in landing fees and fuel excise at Thai airports
Airlines, international and domestic, have been hit hard with the impact on travel following the Coronavirus outbreak. Over the past month there’s been daily announcements of cancellations of flights and rescheduling to cope with border closures and daily changes in the coronavirus evolution. The Thai Cabinet yesterday approved a relief package which had been proposed by the Transport Ministry for…
- Business News
Thai Airways president and Suvarnabhumi chief resign
Two of Thailand’s most prominent aviation bosses have thrown in the towel, citing the Thai government’s bungling of the Covid-19 coronavirus situation. Both resignations happened yesterday. The president of Thai Airways, Sumeth Damrongchaitham, resigned yesterday afternoon. That corporate bombshell was closely followed by the resignation of the director of Suvarnabhumi International Airport, Sutheerawat Suwannawat. At this stage the Thai government…
- Covid-19 News
A few more flight cancellations and K-Pop curtailed
Airlines around the world are battling to re-assess and refine their flight schedules in response to the dive in passenger bookings following the outbreak and impact of the covid-19 coronavirus at the start of the year. In recent weeks the restrictions on travel, to many parts of the world, have started to bite. Thai AirAsia announced today that it will…
- Covid-19 News
Thai Airways starts to trim back schedules due to loss of demand
Thai Airways is cutting back services to South Korea and Singapore out of Bangkok due to “a dramatic fall in demand” and cancellations caused by the coronavirus outbreak. The vice president of sales at Thai Airways, Nond Kalinta, says the national carrier had adjusted flight schedules to match commercial demand. He confirmed the following changes. • Flights reduce on the…
- Business News
Thai Airways considers leasing planes and outsourcing cabin staff
In its attempts to restructure the legacy national airline, senior staff of Thai Airways may lease aircraft and cabin staff. The plans are part of fleet and service improvement options as demanded by the Thai Government who had to find 11.1 billion baht over the first 9 months of 2019 to keep the national airline in the skies. According to…
- Transport News
Deputy transport minister says Thai Airways must increase revenue, cut costs
Thai Airways International is in the process of slashing costs and restructuring. Deputy Transport Minister Thaworn Senneam discussed Thailand’s open sky policy and stressed the importance of increasing revenue and reducing expenditure to turn the airline around and make it sustainable. Thaworn, along with the assistant secretary at the Ministry of Transport and other officials visited Thai Airways’ HQ to…
- 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 offers One Pass One Price Value Card
In a first of what will surely be a prolonged period of promotions, Thai Airways is offering a One Pass One Price Value Card Package which will cover four economy class fares from Bangkok to some destinations in Cambodia, Laos, Vietnam and Myanmar. Tickets start at 8,060 baht and are valid for trips from Bangkok to Phnom Penh, Siem Reap,…
- 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…
