Thai Airways International (THAI) Public Company Limited revealed on Friday that Thai Airways is merging Thai Smile Airways with THAI to reduce losses.
It said the plan is expected to be approved by the end of this year.
Piyasvasti Amranand, chairman of THAI’s committee overseeing the airline’s rehabilitation, said the restructuring had been on the cards for a while and was part of the plan.
“A study about the merger plan is now underway to revise the business plan under a unified strategy management team. We expect this to finish by May.
“Afterwards, the plan will be proposed to a creditors’ committee before it is submitted to Transport Minister Saksayam Chidchob, the acting chairman of the civil aviation committee, for approval by year’s end,” Mr Piyasvasti said at a press…
