October 22, 20196 yr 5 hours ago, GinBoy2 said: TG isn't a real company, it's now a zombie company living with the second highest debt of any airline in the world, and saddled with some of the most incompetent management in the world. As Thailand Airways (THAI) is majority state-owned, you fairly well describe the mind set of the current and predecessor government.
October 22, 20196 yr So trying to sell a few more chiffon cakes or moon cakes is there idea of pulling back billions of THB debt? Sounds promising.
October 22, 20196 yr Popular Post 9 hours ago, webfact said: Orders from airlines account for 90 per cent of Thai Airways's catering revenue. It currently serve 50 airlines and is looking for new customers in the European, US and the Middle East markets. For the non-aviation food business, the goal is to grow 20 per cent per year In terms of free enterprise, there's something disturbing about the expansion of Thai Airways beyond direct Thai Airways business activities, ie., catering its own airlines and carrying passengers. Thai Airways is a state-owned enterprise. As we have seen, its lengthy history for lack of competitiveness and economic success is not constrained by normal economic consequences such as bankruptcy or breakup. State-ownership has provided the airways with seemingly unlimited capital infusions via the Thai taxpayer who must replenish Treasury bailouts of the airways. For the State to further engage in businesses beyond Thai Airways itself not only goes beyond protecting the alleged reputation of the nation as a state national carrier, but directly competes in effect as a state-owned conglomerate against free enterprises, both domestic and international. This is a betrayal of the government's alleged purpose for its investment in the Airways and corruption of an free enterprise system that is typically characteristic of a democracy. The Thai State needs to divest its majority ownership and let the law of economics take its course.
October 22, 20196 yr Just returned from my 4th overseas flight in 2 months with Thai & fail to see how they can be having such great losses unless very inept. Loadings would have been over 90% on all flights. Are they not getting paid from agents ?
October 22, 20196 yr new modification to thai airoplanes new chinney stack 5 seats taken out room for stove with wok market place buying just on time to leave fueled by chacoal cos light less kg plastic bowell noodles and vegatables 1000 baht cheap that will make a profit never in my life have i heard that an airline must make the profit from food most airline food i in econemy is <deleted> if u look i think^)% is binned people dont eat now i buy a a bread filled with old cheese and salad eat that buy before go or take in bag 2 weeks ago the klm had nothing cos was a strike of catering didnt see many people complain. but guess they made a profit cos no need serve or pay meals but on your ticket no refund just said sorry end story an idea for thai air excuse sorry no food caterers on strike waa have a nice day
October 22, 20196 yr 7 hours ago, Sealbash said: No other nations have had airline bankruptcies ?? What about Aigle Azur and XL Airways in France ? Or Norwegian ... Another one : Wow Air from Iceland ... Edited October 22, 20196 yr by Assurancetourix
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