New CEO expects at least 40% revenue growth this year as travel rebounds sharply
Thai Airways International Plc expects to exit its rehabilitation plan ahead of schedule and is shopping for new planes as the recovery in global tourism bolsters earnings.
The carrier will be able to leave its court-supervised debt plan “much earlier” than the original late-2024 target, chief executive officer Chai Eamsiri said on Thursday. 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 Mr Chai, who was promoted to CEO at the start of the month.
THAI entered bankruptcy protection last year to restructure 400 billion baht of debt. It has since undertaken painful cost cuts including halving its workforce…
