offices of Thai Airways and yet again they involve former Prime Minister
company would be declared bankrupt this year – in May actually.
Minister of Transport, was forced to deny the rumour that a political group linked to Thaksin
Shinawatra was trying to force the airline into bankruptcy to allow the exiled
former Prime Minister a place on the board,
its loss in the third quarter of last year, the company still has high
liquidity and has a clear plan for debt repayment.”
quarter of last year was the result of the company’s unsuccessful plan to
attract more customers. It seems the airline has made considerable cuts in its
advertising budget – either that or it is like the rest of the country, in a
state or purgatory.
The more specific plan is that so keen is Thaksin to again have complete
control of an airline many of Thai Airways assets are being switched to Thai
Smiles – a Thai Airways subsidiary.
That, said a senior Thai executive, was part of a plan to sell off Thai
Smiles later this year – to the very same ex-Prime Minister.
Thai Airways president Piyasvasti Amranand, said political interference,
corruption and abuse of authority were regular traits at Thai Airways.
mismanagement influenced by corruption and political meddling, and resulting in
losses to the company’s operations.