Thai Airways
- 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,…
- Economy News
Former union leader calls for total overhaul at Thai Airways
The former president of the Thai Airways union is calling for a complete revamp of the airline, including the ousting of all existing board members. The call follows years of crippling losses, bailouts and promises of a corporate cleanout. The Bangkok Post reports that Chamsri Sukchotrat made the call in a Facebook post, addressing PM Prayut Chan-o-cha in his role…
- 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
Thai aviation will take to the skies with strict new anti-virus guidelines
“Little of this, plus the additional hassles at check in and immigration, is going to help entice tourists to return to Thailand in the short-term.” Looking at the new ‘normal’, post April 30 in Thailand, we are now starting to see how commercial aviation may have to function for, at least, the immediate future. Suffice to say, flying around is…
- 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…
- Covid-19 News
9 Thai airlines stop services during Covid-19 crisis
Yesterday, director general Chula Sukmanop of The Civil Aviation Authority of Thailand (CAAT), granted nine airlines permission to halt their flights due to the Covid-19 situation. Chula says “that the nine airlines that had submitted requests to temporarily halt their operations”. The airlines are… Thai Airways International, Thai Smile, Bangkok Airways, Thai AirAsia, Thai AirAsia X, Thai Lion Air, Nok…
- 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 crew restrain Chinese passenger who deliberately coughed at them: VIDEO
A shocking Facebook video claims to show the moment Thai Airways cabin crew tackle a passenger who deliberately coughed at them. The unverified footage is said to have been taken on a Thai Airways flight in Shanghai on Friday, and was shared online by YouTube user Fugu M. Reportedly, the plane had already landed at Shanghai’s Pudong International Airport, but…
- 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’ 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…
- Economy News
Thai Airways not at risk of shutting down: president
Thai Airways is not at risk of shutting down and recent news reports about the airline’s situation were “misinterpreted”, the beleaguered carrier’s president insisted on Wednesday. The statement appeared to directly contradict remarks he made to high-ranking THAI staff in a speech on Tuesday. He said the remarks were to encourage staff to make an earnest effort to ensure the…
- World News
Thai Airways denies cancelling flights to 4 Asean destinations
Thai Airways has dismissed reports that it will stop flying to four Asean destinations, namely Laos, Cambodia, Vietnam and Myanmar. In a statement issued Tuesday October 22, Thai’s president insisted there is no truth to reports that the airline will stop flights to the four destinations. He said that the company is preparing its corporate strategy, and a thorough analysis…
- Economy News
Airline on brink of collapse, TG president warns
The president of Thai Airways has announced that the national flag carrier is in deep financial trouble and may have to fold unless staff members unite to work harder. He also said that there may still be time, though not much, to save the company. “Otherwise speculation that THAI is going bankrupt will materialize and there is a chance that…
- Business News
Thai Airways under pressure to deliver workable business plan
Thai Airways is coming under more pressure, after being given 30 days to deliver its new rehabilitation and business plans. Thaworn Senniam, the Deputy Transport Minister, gave the instruction yesterday while meeting with the executive of the national carrier for an update on its financial status. He says the business plan must provide clear information on how the fortunes of…
- 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…
- Transport News
Thai Airways to take six months to review purchase of new planes
“The airline has also been hesitant to address its middle management glut, long-term and uncompetitive employment contracts and accusations of nepotism in senior management.” Thai Airways says it’s going to review its planned fleet-expansion plans to buy 38 new planes. Officially, they’re saying they’re “considering funding sources” and claim the review will take six months. Nearly two years ago they announced…
- Technology News
Some Mac Book Pros banned on Thai Airways flights to the EU
Thai Airways is telling passengers travelling on their fleet that some Apple MacBook Pro notebooks, distributed between 2015 to 2017, won’t be allowed on flights to and from EU countries. According to the Bangkok Post, the vice president of Thai Airways’ aviation safety department, Flt Lt Prathana Pattanasiri, claims the flag carrier is banning MacBook Pro 15-inch notebooks purchased between September…
- 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…
- Tourism News
Thai Airways announces extra flight to Europe and Australia
Thai Airways International is adding fights to Paris, Vienna and Melbourne effective starting October 27 through to at least the end of March next year. Flights to Paris will increase from daily to 10 a week, but it will also involve a downsizing of aircraft from the mega A380 to a mix of the Boeing 777-300 and the smaller A350-900…
