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Thai Airways must submit rehabilitation plan by end-May: official

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22 hours ago, steven100 said:

we all know TG is a huge failure, it seems debt & failure runs in the airline industry :

Virgin Australia airlines LLC servicing Australia is now in voluntary administration.

The company was asking for A$1.4 Billion ( 28 billion baht ) from the government, 

The company debt is A$7 Billion ( 143 Billion baht )  owed to 12,000 creditors .....  12,000 !!!

so just putting that into perspective .....  that is scary  !!   yikes.

Sure but that fact doesn't change that Thai is in it's dreadful mess mostly because of it's own internal very very poor management, lack of controls, massive collusion in regard to 'jobs for the boys / friends, massive numbers of free tickets for cronies and hi-so folks, poor service, etc. And yes the actual market place is involved, but that's a different point. 

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  • colinneil
    colinneil

    Thai airways rehab plan. Going to hire experienced C.E.O. Stop spongers from getting freebies. Making staff do their jobs properly, and treat paying customers with respect. Stop al

  • Their plan probably reads something like "give us the money, and don't ask us anything else"

  • bangkokfrog
    bangkokfrog

    How could the virus delay preparation of financial statements in the modern world... unless they have run out of quill pens, which is probably about right for Thai Airways? Me thinks this financial al

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