Evidence of Thai Airways’ corruption, mismanagement, sent to Finance Ministry The Finance Ministry has received 18 documents that show evidence of corruption and mismanagement at Thai Airways. The evidence was submitted by a Transport Ministry panel on corruption, pending a full investigation into “shady dealings” at the battered national carrier. The airline is currently undergoing…
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…
Thai Airways to shed only 5% of employees, while appointing new president Debt-ridden Thai Airways has confirmed that it will only shed 5% of its 20,000 employees as part of its reorganisation. The former president of the carrier’s labour union says he met with the rehab panel, along with union and airline staff representatives, with…
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…
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…
U-Tapao airport maintenance facility going ahead despite obstacles U-Tapao Rayong-Pattaya International airport is going ahead with its proposed Maintenance, Repair and Overhaul project, despite Thai Airways entering bankruptcy, according to the secretary general of the Eastern Economic Corridor Office. The 11 billion baht project to has already been approved by the Cabinet and a contract…
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…
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…