Debt-ridden Thai Airways is looking to hire an “ethical” Chief Executive Officer to steer the airline in the flight direction. After a year without a CEO, the nation’s flag carrier posted a job advertisement on LinkedIn looking for a highly-qualified aviation expert to take on the tall order of getting THAI back off the ground.
THAI needs a leader who is on board with the airline’s new financial rehabilitation plan. After the airline showed an improved performance in a progress report, THAI submitted a revised plan to the Bankruptcy Court on July 1. The report was approved by creditors, who own 78.59% of the airline’s total debt.
The new plan allows THAI to borrow more money and is a “significant step toward its [the airline’s] complete recovery,” according to the airline.
THAI’s job advertisement asks applicants who are invited to the interview…
