Thailand’s airlines call for meeting with PM to discuss soft loans The Thai Airlines Association says 7 member airlines are pushing for a meeting with PM Prayut Chan-o-cha to discuss the option of soft loans. The carriers have been seeking this financial aid for some time and have even decreased the amount being asked for,…
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…
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. Pantip Sripimol from the SEPO says the Finance Ministry will not re-capitalise the carrier, although it remains its largest shareholder. The Bangkok Post reports that there are concerns Thai Airways…
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…
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…
CESA okays TAT’s stimulus measures The Centre for Economic Situation Administration (CESA) has approved tourism promotion and stimulus measures proposed by the Tourism Authority of Thailand (TAT) to lure back foreign tourists to Thailand. The measures comprise special tour packages and the approval for Thailand Elite Card holders to invest in property and other investments.…
Thai Airways adds another 21.5 billion baht debt in Q3 report Thai Airways has accumulated more losses, on top of a decade of annual losses, for the latest quarter. At the moment the national airline’s debt is four times higher than last year’s debt. The airline, already struggling, has been mostly grounded since the end…
Thai Airways sells warehouse items and leases offices for extra cash In its latest move to generate just a little more cash in the midst of bankruptcy, cash-strapped Thai Airways is leasing out its office buildings and auctioning off in-flight items like bowls, cups, mugs and packages of “refreshing tissue.” Thai Airways also recently put…
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…
First airplane food cafe, now Thai Airways opens fried dough stand Since not much is happening in the air, Thai Airways is running new business schemes on the ground. For their newest venture, the company opened a deep fried dough street food stand. They say the fried dough with taro custard is an “award winning”…