20 hours ago, snoop1130 said:

“The committee is responsible for ensuring transparency and good governance among state enterprises.”

Sounds to me like the most corrupt committee on the planet

Simplest solution would be to wind the current organisation up and then offer the services as a franchise to the highest bidder - only rule, keep the name. And no subsidies. Although with the current covid-19 disaster, you might have to actually pay someone to run the service.

From Reuters and appeared in this mornings NY Times. The main bit is here but the article also states that the Thai Governments share will go to under 50%   -

 "Thai Airways International PCL plans to seek a 58.1 billion baht ($1.80 billion) emergency loan to maintain liquidity and see it through a coronavirus-induced drop in demand, showed a document from the airline detailing the plan.

The proposed bridge loan, guaranteed by the Ministry of Finance - its majority shareholder - was approved on Wednesday by a committee chaired by Prime Minister Prayuth Chan-ocha and will be put to the Cabinet for approval as early as next week, a person involved in the decision to seek the loan told Reuters.

Thai media has reported the airline was seeking a multi-billion baht loan. The document seen by Reuters reveals the carrier's detailed plan for the first time.

After the loan, the money-losing national carrier plans to raise 77.04 billion baht in capital by issuing new shares around November, and use the proceeds to pay off the loan plus interest as well as to maintain liquidity, the document showed.

Under the plan, Thai Airways will receive emergency funds gradually based on operational requirements, said one of the people.

It will reduce the number of aircraft to 84 from 103 by 2024, and types of aircraft to six from seven, and will lay off some of its 21,000 employees, the document showed. The airline is also looking for partners and is considering spinning off business units such as catering and engineering, the document showed.

Under Thai law, companies that have a direct government holding of over 50% are considered state enterprises and are subject to additional regulation such as regarding management and labour.

Major investment decisions such as aircraft procurement require approval from multiple government agencies and expose the airline - whose presidents have been political appointees without aviation experience - to outside influence.

Diluting the government's shareholding will allow Thai Airways to operate more dynamically, experts said."

Good luck to all those, who attended all those meetings, sub-committees and working groups.

For the sake of the record, this whole drama carries the signature of the prime minister himself and not a single decision maker has the slightest clue of aviation business. 

Poor Thai taxpayer, the stealing and money wasting big time will carry on as in the past. More billions follow all the other billions washed down the Thai drain over the last years. Together with the submarines and the other little shopping spree excursions the Thai tax payer can only hope that all this comes, sooner than later, to a screeching end. 

 

Thai Airways - join the only supermarket without cashier counters on the way out ???? 

No free seats for anyone, would also make the airline actual money.  All stakeholders pay

their way. Not that this would ever happen, after all it is a Thai business.

Geezer