Thai Airways takes off, says chief executive

Quick Summary:

Fresh from completing a years-long business rehabilitation, Thai Airways International (THAI) is unveiling its "Fly for the New Pride" brand campaign, operating with a reduced debt burden and new revenue generators as the company expects to resume trading on the Stock Exchange of Thailand (SET).

The carrier divested 10 billion baht of assets, such as land, buildings and aircraft, and lowered its staff headcount to 14,000 from almost 30,000, which comprised 23% of the company's total cost.

THAI also completed a capital increase of 76 billion baht through a debt-to-equity swap with creditors and a rights offering.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Billion Debt Year Thai Baht Airline Chai Plan Rehabilitation Aircraft Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-19 @ 04:58:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1097 words

Reading Time: 7 minutes read

Sentences: 47 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 28808272

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