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The board of Thai Airways International (THAI) Plc has formed four subcommittees to chart the airline's future, planning a key strategy meeting next month. Lavaron Sangsnit, the board chairman and permanent finance secretary, announced this move after a special meeting highlighted that progress was stalled due to the absence of legally required subcommittees.

The new subcommittees include the executive, risk management, nomination and remuneration, and audit committees, aligning with regulations for large companies. Lavaron mentioned that assigning these roles was challenging due to legal constraints, particularly for the audit committee, which requires a minimum of three independent directors who cannot serve on certain other subcommittees.

Recent court decisions had halted the appointment of new signatories, delaying crucial transactions. However, once restrictions were lifted, the company quickly appointed authorised signatories to ensure consistency in managing contracts and legal matters. Notably, there was no discussion on acquiring new aircraft during this meeting.

Looking forward, THAI aims to hold a regular board meeting on 19 January, followed by a general meeting in February to refine the airline’s strategy. New directors will have the opportunity to present their visions, aiming to solidify the company’s business direction with an emphasis on professionalism and transparency. Lavaron stressed the importance of strong governance to boost investor trust and long-term prospects, ultimately aiming to resume dividend payments to bolster confidence among investors and shareholders.

In addition to these developments, Lavaron addressed concerns about creditor cooperative groups that converted debt to equity, mentioning their right to sell shares from 4 February once the lock-up period restrictions lift, reported the Bangkok Post.

Key Takeaways

• THAI's new subcommittees are crucial for advancing the airline's strategy.

• Court orders temporarily hindered the company's operations, but they have now restored the signing authorities.

• Strategic meetings next year aim for enhanced governance and investor confidence.

Relates stories:

Thai Airways Eyes Global Top 10 Ranking with New Strategies

THAI Airways Shares Soar as Airline Rebounds with Strong Profits

  

Adapted by ASEAN Now from Bangkok Post 2026-01-09

 

 

50 minutes ago, webfact said:

to refine the airline’s strategy

They're going to lower their fares to compete with their rivals by canceling all freebies for the VIPs?

It's really poor leadership to not put into place what is required by law. How can we trust this leadership team to ensure their operations are safe if they can't do the legal basics?

THAI Airways sets course........towards yet another bail out. 🙂

Can’t help thinking, “too many cooks”.

Why does “too many cooks” spring to mind?

On 1/9/2026 at 12:49 AM, mikebell said:

They're going to lower their fares to compete with their rivals by canceling all freebies for the VIPs?

From what I've experienced, they stopped the freebies for VIPs, influential and connected people during the bankcruptcy restructuring. Previously, business class was stacked with Thais with crew and ground staff kowtowing to them every step of the way (check-in, boarding, on-board and at the baggage belt). Haven't seen it since.

Fares did rise massively after restructuring and covid (double the fare nowaday for fully flexi economy between London and Bangkok and almost double for business class). I don't see fares being lowered.

The board of Thai Airways International (THAI) Plc has formed four subcommittees to chart the airline's future.

Returning to the good old days, more jobs for the boys and milking profits.

What do the existing managers do all day?

On 1/10/2026 at 6:06 PM, IsaanGuy said:

Why does “too many cooks” spring to mind?

I think you left an 'r' out, maybe...

"The new subcommittees include the executive, risk management, nomination and remuneration, and audit committees, aligning with regulations for large companies." Aren't these areas that day to day management would deal with, hopefully? Seems like one more way to pay off friends with spots on superfluous committees.....