Debt-ridden Thai Airways International (THAI) will merge its subsidiary Thai Smile into its main company as part of its overall restructuring plan. The merger is set to be completed this year.
THAI reported that their creditor’s committee gave the merger the green light yesterday. Now, the plan will be put before Transport Minister Saksayam Chidchob and the Civil Aviation Authority of Thailand (CAAT) for approval.
Currently, Thai Smile operates under its own Air Operator Certificate (AOC), managing operations independently of THAI. Once the merger is complete, THAI will manage Thai Smile’s fleet planning, scheduling, and route network.
The merger is expected to pave the way for better coordination of short-haul and long-haul flights at Suvarnabhumi Airport in Bangkok, higher capacity, improved utilisation, lower unit costs, and improved economies of…
