The State Enterprise Policy Committee has approved in principle ThaiAirways International's rehabilitation plan, which was discussed in ameeting on Monday chaired by the prime minister.
Measures will include a reduction of the airline's staffing by 5,000 and cancellation of its non-performing routes.
THAIis one of even troubled state enterprises. In the first nine months of2014, the airline suffered losses of 9 billion THB. It recorded a lossof 12 billion THB in 2013.
The rehabilitation plan will see its workforce slashed from 25,000 to 20,000.
TheBangkok-Johannesburg route was already cancelled on January 15 and theBangkok-Madrid, Bangkok-Moscow, Bangkok-Los Angeles routes are likely tobe axed in the second quarter of this year.
Decisions on routesthat do not make a profit but are considered to have potential will bemade in the fourth quarter. They include Bangkok-Rome, Bangkok-Milan,Bangkok-Brussels, Bangkok-Brisbane, Bangkok-Sapporo, Bangkok-Colombo,Bangkok-Denpasar and Bangkok-Hyderabad.
Under the rehabilitationplan, THAI’s fleet will also be revised. It will sell 22 old aircraftand decommission 14 Boeing 747-400 and Airbus A 340-600 craft.
THAIalso plans to sell its stakes in Nok Air, BAFS and Novotel SuvarnabhumiAirport Hotel. THAI holds a 39-percent stake in Nok Air, a22.59-percent stake in BAFS and a 30-percent stake in NovotelSuvarnabhumi Airport Hotel.
It also plans to sell its shares inthe Amari Airport Hotel and Royal Orchid Sheraton Hotel as part of itsbusiness restructuring.-VNA/NNT
Measures will include a reduction of the airline's staffing by 5,000 and cancellation of its non-performing routes.
THAIis one of even troubled state enterprises. In the first nine months of2014, the airline suffered losses of 9 billion THB. It recorded a lossof 12 billion THB in 2013.
The rehabilitation plan will see its workforce slashed from 25,000 to 20,000.
TheBangkok-Johannesburg route was already cancelled on January 15 and theBangkok-Madrid, Bangkok-Moscow, Bangkok-Los Angeles routes are likely tobe axed in the second quarter of this year.
Decisions on routesthat do not make a profit but are considered to have potential will bemade in the fourth quarter. They include Bangkok-Rome, Bangkok-Milan,Bangkok-Brussels, Bangkok-Brisbane, Bangkok-Sapporo, Bangkok-Colombo,Bangkok-Denpasar and Bangkok-Hyderabad.
Under the rehabilitationplan, THAI’s fleet will also be revised. It will sell 22 old aircraftand decommission 14 Boeing 747-400 and Airbus A 340-600 craft.
THAIalso plans to sell its stakes in Nok Air, BAFS and Novotel SuvarnabhumiAirport Hotel. THAI holds a 39-percent stake in Nok Air, a22.59-percent stake in BAFS and a 30-percent stake in NovotelSuvarnabhumi Airport Hotel.
It also plans to sell its shares inthe Amari Airport Hotel and Royal Orchid Sheraton Hotel as part of itsbusiness restructuring.-VNA/NNT
