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THAI likely to fly solo

The Finance Ministry is considering allowing its majority shareholding in Thai Airways International to fall in order to change its current status as a state enterprise. The SET-listed national carrier is currently 50.1% held by the ministry, and as such must comply with state enterprise regulations. The carrier also has the right to ask the […]

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THAI looks to fund new planes

Thai Airways International is seeking Bt10b to add 81 new aircraft over 15 years, thereby reducing maintenance costs and improving the fleet in line with travel demand on each route. “The aircraft acquisition plan will take place in parallel with the capital increase. THAI is asking the Finance Ministry to inject Bt10b to maintain its […]

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THAI debt restructuring approved

Thai Airways International’s board yesterday approved in principle a Bt20b debt restructuring plan while setting a performance target for new president Piyasawasdi Amranand. The board also nominated Pravit Ratanapien, a former science and technology minister, for executive chairman. Chairman Ampon Kitti-ampon Ampon said the flag carrier would issue new shares and bonds to refinance its short-term debts with longer-term […]

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THAI to face Bt500m EU carbon levy in two years

The European Union’s carbon tax could cost Thai Airways International Bt500m a year for its flights entering the continent from 2012, and passengers will bear the burden. THAI president Piyasvasti Amranand gave the estimate as the flag carrier begins to assess the consequences, particularly on operating costs, of the EU’s green levies on aviation.

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New THAI boss sets four-year plan

Thai Airways International’s new chief yesterday pledged to get the flag carrier,on the brink of financial disaster about a year ago, back on its feet over the next two years before helping it regain its past glory as a top-rated global airline in the following two years. Piyasvasti Amranand outlined his strategic plan on his first day as […]

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Thai Airways Jul-Aug passenger traffic down 7.56% YoY

National carrier THAI reported that its passenger traffic, measured by revenue passenger kilometers (RPK) slipped 7.56% YoY in Jul-Aug 2009. Its cabin factor averaged 73.7% in the first two months of 3Q09, down from the year-ago level of 76.1%. Cargo traffic, measured by revenue ton kilometers (RTK) dropped 12.59% YoY in Jul-Aug 2009. Its freight factor averaged 51.5% in […]

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THAI delays Piyasayasti’s inauguration after complaint about lack of qualifications

Thai Airways International’s board would delay Piyasayasti Amranand’s inauguration as its new president after there was a complaint filed to the National Counter Corruption Commission that he lacked qualifications, Transport Minister Sophon Saram said yesterday. Piyasayasti was earlier a director of BAFS. The regulations stated that new president must not hold a directorship position at other companies for at […]

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