Thai Airways, the national carrier of Thailand, could be on the verge of collapsing according to the alarming comments made by its president Sumeth Damrongchentham. He calls on his employees to participate in rehabilitation efforts....
Thai Airways states it is fighting back against fierce competition, mellowing economic growth, airport capacity limits, trade wars and other “crises” in a strive to break away from its years-long row of financial losses. Armed with its Rehabilitation Plan, the airline aims to reach an “aggressive profitability” in the upcoming few years, but stakeholders appear not to be convinced that the plans are realizable. ...
The first three months of 2019 did not start well for Thai Airways, which, together with five of its subsidiaries, recorded operating net loss of $26.2 million (828 million Baht) in 1Q2019. By contrast, the airline registered $121 million (3,8 billion Baht) profit at the same time last year....
While aviation industry is on the rise and airlines and commercial air travel are expanding rapidly, infrastructure, often slow to catch up, is becoming one of the main problems the industry faces. AeroTime has spoken with Chula Sukmanop from the Civilian Aviation Authority of Thailand (CAAT) about current initiatives in Thailand to tackle the problem....
A Boeing 747-400 of Thai Airways veered off the runway and stopped in the grass at Bangkok airport....
In 1997, Thai Airways was among the five founding airlines of the Star Alliance, along Air Canada, United Airlines, Lufthansa and SAS. But the last decade was tough for the 58-year airline, and it is up to newly appointed president, Sumeth Damrongchaitham, to turn the airline back into the profitable business it was at the turn of the century. However, there is more than one challenge in this quest....
The U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC) imposed sanctions on a Thailand-based company called My Aviation on September 14, 2018, because of its alleged links with Mahan Air, an Iranian airline already under American sanctions....
On January 8, South Korea's Korea Aerospace Industries (KAI) began supplying the Air Force of Thailand with advanced T-50TH trainer aircraft, armstrade.org reports...
On the 21st of February 2017, the Cabinet of Thailand has approved the new bill on national civil aviation that allows the Civil Aviation Board (CAB) of Thailand to determine the proportion of foreign ownership in national aviation-related businesses, the Bangkok Post reported. Under the new regulation, foreign investors may own the majority share in Thai aviation industry entities. The new rule is in line with Thai government’s plan to pro...
The flag carrier of Thailand THAI Airways has recently been accussed of corruption, with THAI workers union calling on Prime Minister General Prayut Chan-o-cha to intervene in the illegal practices at the airline. The Nation Multimedia reported on the 13th of February 2017 that the union accused the airline of violating Article 44 of the interim charter....
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_crop.jpg "Thai Airways reports $26.2M loss in 1Q2019")
_crop.jpg "Thai Airways jumbo jet skids off runway at Bangkok airport")
_crop.jpg "Thai Airways has new management, but will it solve its woes?")
