Korn says THAI Airways should file for bankruptcy to enable rehabilitation

[Mr Meeseeks]

Just now, RichardColeman said:

I imagine the fat cats that have managed to get billions of baht out of this, will be quite happy to leave and make way for a new lot of government trough feeders.

 

One could only hope that if they did file, then no bank on the planet would give them a line of credit

Which is exactly why it will never succeed, never be profitable, never pay off the existing THB200+ billion of debt (not including this latest bailout) and why the truth about this airline will never be admitted.

 

The show must go on. 

 

More concerning is that if they cannot be taken seriously or trusted to be fiscally responsible, how can anyone possibly trust the management at any level, including maintenance and inspection regimes?

[DirtyHarry55]

How is it possible the National Airline of one of the most visited countries and Tourist destinations in the World

and who are guaranteed all government Travel contracts at over the top rates to other Airlines is unable to make a profit?
 

[CGW]

54 minutes ago, Henryford said:

How would the hi-sos get their free first class flights?

Indulge me, kindly list all the flights you know off that were full of "Hi-So" Thai's in first class, in all my hundreds of flights never came across anyway?

Or is this another "Myth" alongside the "Thai's hate us" & we "are responsible in any accident" nonsense ???? 

[josephbloggs]

1 hour ago, CGW said:

I have flown Thai hundreds of times, what is so bad about it, on a personal basis I get on a plane and get off at the other end!

If I never read TVF that would be the end of the story, why all the animosity! ????

It's because he is a hate filled man who despises Thailand and Thai people and he would be genuinely happy to see 20k+ Thai employees lose their livelihoods. The animosity is in every single one of his posts.

Before corona I used to fly often for work.  Thai is a perfectly decent regional airline.  Not the best, but better than most.   Nice staff, decent service, gets you from A to B.  I would usually chose them for my short to medium haul flights.

Long haul they are nowhere near as good as the likes of Emirates and so they are never my choice long haul.  Lots of room for improvements there (getting rid of their old aircraft on long haul routes, better IFE, old business class cabins).  However they certainly don't deserve hatred and people wishing all their staff are put out of work - especially considering most of the people who wish that haven't set foot on a plane for years, they just hate everything.

Edited May 16, 2020 by josephbloggs

[josephbloggs]

12 minutes ago, CGW said:

Indulge me, kindly list all the flights you know off that were full of "Hi-So" Thai's in first class, in all my hundreds of flights never came across anyway?

Or is this another "Myth" alongside the "Thai's hate us" & we "are responsible in any accident" nonsense ???? 

Thank you.  That is just another one of the TVF myths that the angry love to perpetuate and one that nobody can, or will, back up with any evidence.

[hotchilli]

18 hours ago, snoop1130 said:

Regarding the huge debts incurred to purchase aircraft, the Kla party leader suggested the airline should negotiate a hair-cut with the creditors, noting that the aviation sector is set to remain depressed for years to come, so there will be fewer buyers for new or used aircraft

Just pull the plug and forget it.... dead is dead.

[jaiyen]

2 hours ago, Fex Bluse said:

Finally! I pray THAI fails. Get rid of it. 

Stupid statement from a knobhead who obviously never flies or cares about Thai Airways. I live in Perth and they are the best, fastest, cheapest and the only airline flying direct to Bangkok. We need them.

[Arkady]

Bankruptcy for THAI would be a reverse bankruptcy where the major shareholder, the government, is not wiped out but gets to hold the whip hand over the creditors, whose loans were "guaranteed" by the government instead. Then all the corruption will continue.

[apophyss]

1 hour ago, DirtyHarry55 said:

How is it possible the National Airline of one of the most visited countries and Tourist destinations in the World

and who are guaranteed all government Travel contracts at over the top rates to other Airlines is unable to make a profit?
 

corruption

 

[sitti]

Many people seem to misunderstand. Even after THAI files bankruptcy, they will still continue to fly as normal. So all booked tickets will remain valid. It's going to be almost exactly the same process of Japan Airlines, United Airlines' bankruptcy and restructuring.

[Darkside Gray]

1 hour ago, Mr Meeseeks said:

If they don't immediately sack the entire board that has presided over this fiasco, then it will never be able to rehabilitate.

 

They desperately need people with airline experience at the top level.

 

 

If they brought people in and the airline was run responsibly, where would the fly boys from the RTAF get there noses in the trough?

[VBF]

3 hours ago, CGW said:

I have flown Thai hundreds of times, what is so bad about it, on a personal basis I get on a plane and get off at the other end!

If I never read TVF that would be the end of the story, why all the animosity! ????

I think it may have started when Thai Air's STANDARDS dropped:

I used to be a regular Thai passenger, member of their Frequent Flyer programme, had many a free flight BKK-HKT using my points. Then I started using first Ethiad, then Emirates for both price and service reasons.

 

In January I flew Business from London to Bangkok on Emirates (A380) with a view to staying in Thailand until Songkran.

In March I "baled out" due to the CV-19 issue, and after the UK government advised travellers to return home, getting the only flight available which was Thai Business Class also on A380, so a direct comparison.

Everything about Thai was "less" - comfort, service, food quality, and, even in normal times the price is just ridiculously higher. 

So from my purely personal POV, Thai somewhat lost the plot...years ago. I don't have any animosity towards them but I wouldn't fly them out of choice...then again I could say the same about BA!

 

[smutcakes]

7 hours ago, cornishcarlos said:

 

There is the problem right there....

 

Health (knows nothing about health) minister and agriculture minister involved in discussions about an airlines rehabilitation !!!

To be fair to Anutin out of all of them, he personally has been massively successful as a businessman and running Sino Thai. He does have much experience and track record of running sucessful businesses. However i doubt he would be permitted to make the changes necessary.

 

THAI will be kept going for one main reason, and that is why no one is willing to touchi it for fear of offending someone.

[chainarong]

Possibly a good idea, Thai Int is not alone.

[phkauf]

2 hours ago, smutcakes said:

To be fair to Anutin out of all of them, he personally has been massively successful as a businessman and running Sino Thai. He does have much experience and track record of running sucessful businesses. However i doubt he would be permitted to make the changes necessary.

It was Daddy's business, he just took it over. And when your business revolves around government contracts, I think we all know how that works - it's the size of the envelope not the competency of the contractor.

[DirtyHarry55]

9 hours ago, apophyss said:

corruption

 

What!! No way!!!!!

[smutcakes]

10 hours ago, phkauf said:

It was Daddy's business, he just took it over. And when your business revolves around government contracts, I think we all know how that works - it's the size of the envelope not the competency of the contractor.

That maybe so but look at the expansion in the last decade or so. It might be a dirty business but if it was easy many would be doing it. You might not like him but he quite  clearly is a shrewd businessman.

[Five hundred]

17 hours ago, apophyss said:

corruption

 

Corruption

Cronyism

Massive interference from ruthless and very powerful people

Poor management

enough?

[metisdead]

A post using a music video has been removed.

[rvaviator]

21 hours ago, CGW said:

I have flown Thai hundreds of times, what is so bad about it, on a personal basis I get on a plane and get off at the other end!

If I never read TVF that would be the end of the story, why all the animosity! ????

Any flight you walk away from is a good flight ????

[BobBKK]

He's one of the more sane and intelligent politicians actually and they won't listen to a word he says. If THAI doesn't work either nationalist it, clear the debt and put experts in charge (if they can find any) or let it fail like any other business but i'm guessing Thai PRIDE won't allow it to fail.

[JeffyInBkk]

Who is this ex democrat guy to say anything????? I used to support the democrats but hate them now. The democrats have a lot of their mates controlling the agencies are involved in startups and they put their people there and for ordinary young thais trying to get support for their startups, they cannot get access to any help or aid as there is so much nepotism at these agencies. They is one democrat guy who owns restaurants and he is the worse. Citizens should never listen to any one of them who actually made this country worse...losers!

[klauskunkel]

1 hour ago, JeffyInBkk said:

Who is this ex democrat guy to say anything????? I used to support the democrats but hate them now.

Does this make you an "ex democrat guy", too? 

[cornishcarlos]

23 hours ago, Mr Meeseeks said:

They desperately need people with airline experience at the top level.

 

They also need politicians in the government but look what they have !!