Thai Airways International (THAI) Public Company Limited revealed on Friday that Thai Airways is merging Thai Smile Airways with THAI to reduce losses.
It said the plan is expected to be approved by the end of this year.
Piyasvasti Amranand, chairman of THAI’s committee overseeing the airline’s rehabilitation, said the restructuring had been on the cards for a while and was part of the plan.
“A study about the merger plan is now underway to revise the business plan under a unified strategy management team. We expect this to finish by May.
“Afterwards, the plan will be proposed to a creditors’ committee before it is submitted to Transport Minister Saksayam Chidchob, the acting chairman of the civil aviation committee, for approval by year’s end,” Mr Piyasvasti said at a press…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.