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PM supports court-sanctioned rehabilitation programme for THAI


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Posted

PM supports court-sanctioned rehabilitation programme for THAI

 

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Beleaguered Thai Airways International is likely to file for bankruptcy protection and have to enter a court sanctioned restructuring and rehabilitation process, Deputy Prime Minister Anutin Charnvirakul said today.

 

Mr. Anutin, Transport Minister Saksayam Chidchob and Deputy Transport Minister Thaworn Senneam met Prime Minister Prayut Chan-o-cha for about half an hour today to discuss the heavily indebted national airline’s immediate future.

 

Mr. Anutin said that the Prime Minister agreed that the plan offers the best chance of salvaging the national flag carrier, which is regarded as “the face of Thailand”, but he admitted that an injection of taxpayer’s money, or even allowing the Finance Ministry to guarantee a 50 billion baht loan, being sought by THAI, might be difficult.

 

Full story: https://www.thaipbsworld.com/pm-supports-court-sanctioned-rehabilitation-programme-for-thai/

 

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-- © Copyright Thai PBS 2020-05-16
 
Posted

Why is the Public Health official commenting on something outside of his supposed wheel house.  Oh yeah, he just needs to hear himself spout out his opinions as always....Why not let the Prime Minister speak for himself.  To many mouth pieces in this government....reminds me of the Talking Heads....

Image result for talking heads gif

Posted
43 minutes ago, ThailandRyan said:

Why is the Public Health official commenting on something outside of his supposed wheel house.  Oh yeah, he just needs to hear himself spout out his opinions as always....Why not let the Prime Minister speak for himself.  To many mouth pieces in this government....reminds me of the Talking Heads....

Image result for talking heads gif

Have a look into some of the people who sit on the Thai Airways Board. There are some military people (of cour$e) who are so bad at their job they’re resigned to opening car doors. And there’s one guy who also sits on the boards of banks and oil companies, etc. A busy man indeed. 
 

The whole thing is an absolute mess. But fear not, Prayut will fix this. 

  • Like 1
Posted
5 minutes ago, rkidlad said:

Have a look into some of the people who sit on the Thai Airways Board. There are some military people (of cour$e) who are so bad at their job they’re resigned to opening car doors. And there’s one guy who also sits on the boards of banks and oil companies, etc. A busy man indeed. 
 

The whole thing is an absolute mess. But fear not, Prayut will fix this. 

I would have to agree with what you see.  Boards stacked, and many folks with so many added on money jobs they do nothing for.....just being a member receives a pay out, one way to go from a zero to a billionaire over night, just by having friends.

  • Like 1
Posted

The five or so A380's are part of the problem industry wide.  They are not cost effective unless full for long flights. Loaning to a business with leadership that is certain to fail is a waste of time.  Even good, well managed carriers are having a tough time.  THAI is going to pull the proverbial rabbit out of a hat?  Fortune tellers will have to work overtime.   

  • Like 1
Posted

Letting Anutin talk on this subject shows you this is the worst government ever in thai history. What a f n joke. Surprised the heroin dealer didn’t have something to say too

Posted
22 hours ago, rooster59 said:

Mr. Anutin said that the Prime Minister agreed that the plan offers the best chance of salvaging the national flag carrier, which is regarded as “the face of Thailand”,

Which is exactly why they will do everything to bail it out and keep pumping money into the huge void of what would otherwise be a dead company.

Posted

What have courts got to do with this? 

 

Oh there picking up a fee to give advice on more public finds needed to keep Thai in the air.

Posted

Virtually all airlines are in financial trouble. Hopefully they can

pull out of it. It trickles down to suppliers which a good percentage 

will go out of business.

 

The Ghost flights flying empty or near empty to keep their slots

at airports. Read yesterday the shortest Ghost flight recently was

41 km.... this is a huge waste of money. The airlines have asked for

releif on slots but don’t know how that turned out.

 

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