Thai Airways
- Economy News
Thai Airways to operate repatriation flights to Denmark, Taiwan
Thai Airways has arranged 2 repatriation flights to Taipei and 2 to Copenhagen this month, to bring back foreign nationals who were stranded by the Covid-19 pandemic. The airline’s acting president says the Taiwan flights will fly on August 5 and 14, leaving Suvarnabhumi Airport at 8:25am and arriving in Taipei at 1:05pm local time; Chansin Treenuchagron said the flights…
- 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…
- Economy News
Thai Airways creates “survival team”
Beleaguered national flag carrier Thai Airways has created a so-called “survival team” to work out a business plan to support its debt rehabilitation, according to a source at the airline. The company filed for bankruptcy protection on May 19. The survival team is tasked with producing a business plan, effective through October 31. The airline’s acting president has ordered the…
- 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…
- Food
Chon Buri coffee shop in a converted aircraft ordered to close temporarily – VIDEO
A novel coffee shop set up in a decommissioned Airbus 330 has been ordered to close temporarily after the business simply became too popular after going viral on social media. It’s understood thousands of customers a day were arriving for a latte or cappuccino from “Coffee War” in Sattahip, a district in the south of Chon Buri province. Manager Suttipong…
- Thailand News
Thailand News Today – Tuesday, June 16
To register for the Thaiger Flash Property Sale log in HERE. It all start this Thursday at midday! Outrage over 75,000 baht travel allowance for senior execs at Thai Airways The deputy leader of Thailand’s Democrat Party says Thai’s should be outraged by the disclosure that Thai Airways senior management have been getting a 75,000 baht “travel allowance”. He decries…
- Business News
Outrage over 75,000 baht travel allowance for senior execs at Thai Airways
The deputy leader of Thailand’s Democrat Party, Samart Ratchapolsitte, has slammed Thai Airways management for granting senior executives a monthly 75,000 baht “travel allowance”. Posting on Facebook, he decries the allowance granted to anyone holding the position of executive vice president at the long-struggling airline. Thailand’s national carrier, run as a state enterprise until it filed for bankruptcy protection, is…
- Thailand News
Thailand News Today – Wednesday, June 10
Thai Airways takes action to protect its planes from seizure Struggling national flag carrier Thai Airways is petitioning 3 countries to try and avoid their planes being seized by creditors. The cabinet was informed about the filing of debt rehabilitation requests in foreign countries by Deputy PM Wissanu Krea-ngam, who chairs the committee tasked with coordinating a solution to the…
- 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
Battered Thai Airways seeks government protection from creditors
Struggling national flag carrier Thai Airways is seeking government support in 4 key areas, including negotiating with foreign creditors and renegotiating contracts with other state enterprises. The director-general of the State Enterprise Policy Office said yesterday that the airline is seeking state help after the Central Bankruptcy Court accepted its request for rehabilitation. The airline also wants the government to…
- 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
Thai Airways may not need to file for bankruptcy in US
Contrary to earlier reports, Thai Airways may not need to seek bankruptcy protection in the United States to avoid seizure of its planes and other assets. A senior official made the announcement after a meeting led by Deputy PM Wissanu Krea-ngam with the struggling carrier’s senior management and the airline’s board. The meeting was to discuss the airline’s rehabilitation plan…
- 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…
- Transport News
Thai Airways has officially lost its state enterprise status
The State Enterprise Policy Committee announced that Thai Airways has lost its state enterprise status after the Vayupak Fund bought a 3.17% stake from the Finance Ministry yesterday. The purchase was undertaken at a price of 4.90 baht per share, with a trade worth 285.2 million baht, leaving the national carrier owning 48% of its own shares and stripping its…
- 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…
- Thailand News
Thailand News Today – Tuesday, May 19
Thailand’s new Covid-19 cases – May 19 Today the Centre for Covid-19 Situation Administration, reported 2 additional cases of Covid-19 bringing the total number of cases in Thailand to 3,033. No further deaths have been confirmed today, leaving the accumulated toll at 56. The 2 new cases were the daughter and son in law of a previously confirmed Covid-19 patient…
- 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.…
