Skyteam
http://admin.travelmole.com/images/stories/2009/images/Thai_AirwaysA380(3).jpg

Published on Friday, October 25, 2019

Thai Airways denies it's on brink of collapse






Flag carrier Thai Airways has strongly refuted media reports the airline is in dire financial straits and is in danger of going bust.


It is insisting that comments attributed to its president Sumeth Damrongchaitham have been taken out of context and while the airline's financial health is not good, it is not nearly as bad as reports suggest.


Sumeth addressed airline executives during a meeting this week, reportedly saying: "I want staff to be united to overcome the obstacles. Otherwise, the national airline must close down. There is still time for a solution, but there is not much time.


"There will be no other rewards for the staff, because the top prize is the survival of the company."


Sumeth says his words have been misrepresented and he was only trying to impress upon colleagues how 'cut throat' the competition is with LCCs.


"With utmost strength and determination, Thai confirms its capability to perform exceptionally amidst tough airline competition. Thai remains very far from shutting down," the  airline said in a statement.


 

Story Image



Your Comments

, be the first to post a comment.
Your email:






Email other comments made to this story


NOTE: Comments are subject to admin approval before being posted.

What is GoodtoGo? | Submission Form

GoodtoGo - Friday, March 27th
UK Special Edition
USA Special Edition
Asia/Pacific Special Edition

GoodtoGo - Friday, March 20th
UK Special Edition
USA Special Edition
Asia/Pacific Special Edition

GoodtoGo - Friday, March 13th
UK Special Edition
USA Special Edition
Asia/Pacific Special Edition

Mole Poll
Are the UK Government doing enough to protect the Travel industry?
yes 49.92 %
no 50.08 %

Thank you for your vote


LATEST MOLES' PODCAST

Centara Reserve, their first luxury resort, to open in Samui December 2020

Active Adventurers, Cultural Explorers, and Wellness Seekers in the Emirate of Ras Al Khaimah

Clearwater Marine Aquarium talks about Rescue Rehab Release and the future of Marine Life

Dana Young CEO and President of @visitflorida

The Mole talks to Mal Barrit the MD of @traveltek about expansion, tech and strategy

UPCOMING EVENTS
\m