Thai Airways expects to exit its rehabilitation plan ahead of schedule. The airline is already looking for new aircraft as the recovery in global tourism bolsters earnings.
CEO Chai Eamsiri said Thursday that the carrier will be able to leave its court-supervised debt plan “much earlier” than the late-2024 target, according to Bloomberg. The company is also in talks with plane makers including Boeing for long-term acquisitions of new aircraft to modernise its fleet, he said.
Revenue will grow by at least 40% this year, said Chai, who was promoted to CEO at the start of the month. Mired in US$5.3 billion (150 billion baht) of debt, the Thai Airways rehabilitation plan has already enforced painful cost cuts including halving its workforce and downsizing its fleet by about 40%.
But with global tourism springing back to life faster than expected as the world moves on from pandemic…
