Today’s Thailand News Today coming to you from the 17th floor of The Thaiger Bangkok offices.
Thai Airways adds another 21.5 billion baht in debt in Q3 report
Thai Airways has accumulated more losses, on top of a decade of annual losses, for the latest quarter.
At the moment the national airline’s debt is four times higher than last year’s debt. The airline, already struggling, has been mostly grounded since the end of March. At the end of last week Thai Airways put 34 of its old planes up for sale (you have until tomorrow to put in a bid). 5,000 employees were also being shed in an early retirement offer under its current rehabilitation plan. It’s also selling spare parts and other random stock in its warehouse as well as leasing out part of its offices to save costs.
Passenger numbers were down 92% in the last quarter compared to the same time last year.
Public concern prompts…
