THAI: News
Nov 2, 2019, 5:32 am
#467
Join Date: Aug 2013
Posts: 215
Ekniti Nitithanprapas has resigned as chairman of Thai Airways International as it struggles with financial challenges and minister's push to replace directors at state enterprises.
https://www.bangkokpost.com/business...man-steps-down
https://www.bangkokpost.com/business...man-steps-down
Nov 2, 2019, 6:20 pm
#468
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Join Date: Sep 1999
Posts: 12,375
That can't be good news. Interesting that they wait until Saturday to release this info.
Nitithanprapas was previously director-general of the Revenue Department.
This seems like part of a bigger house-cleaning effort at the Transport Ministry, with AoT, BMTA and SRT chairman all potentially "resigning" (probably to be spread out over a week or so?) by the new regime (shared amongst BJT and Dem parties).
Nitithanprapas was previously director-general of the Revenue Department.
This seems like part of a bigger house-cleaning effort at the Transport Ministry, with AoT, BMTA and SRT chairman all potentially "resigning" (probably to be spread out over a week or so?) by the new regime (shared amongst BJT and Dem parties).
Nov 2, 2019, 10:00 pm
#469
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That can't be good news. Interesting that they wait until Saturday to release this info.
Nitithanprapas was previously director-general of the Revenue Department.
This seems like part of a bigger house-cleaning effort at the Transport Ministry, with AoT, BMTA and SRT chairman all potentially "resigning" (probably to be spread out over a week or so?) by the new regime (shared amongst BJT and Dem parties).
Nitithanprapas was previously director-general of the Revenue Department.
This seems like part of a bigger house-cleaning effort at the Transport Ministry, with AoT, BMTA and SRT chairman all potentially "resigning" (probably to be spread out over a week or so?) by the new regime (shared amongst BJT and Dem parties).
Nov 11, 2019, 5:29 pm
#471
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Posts: 12,375
New chairman, new cutlery.
"Marketing flair"
Finance proposes ministry's deputy secretary as next THAI boss
Deputy Transport Minister Thaworn Senneam said yesterday (November 11) that the Finance Ministry would propose the ministry's Deputy Permanent Secretary Chakkrit Parapuntakul as the next board chairman of Thai Airways International (THAI).
The ministry is the largest shareholder of the state carrier. The company’s vice chairman, Air Chief Marshal Chaiyapruk Didyasarin, has since assumed the duties of the chairman.
He added that the three key qualifications for the next THAI chairman were marketing flair, technology knowledge, and transparency.
https://www.nationthailand.com/business/30378251
Chakkrit enters THAI race
https://www.bangkokpost.com/business...ters-thai-race
"Marketing flair"
Finance proposes ministry's deputy secretary as next THAI boss
Deputy Transport Minister Thaworn Senneam said yesterday (November 11) that the Finance Ministry would propose the ministry's Deputy Permanent Secretary Chakkrit Parapuntakul as the next board chairman of Thai Airways International (THAI).
The ministry is the largest shareholder of the state carrier. The company’s vice chairman, Air Chief Marshal Chaiyapruk Didyasarin, has since assumed the duties of the chairman.
He added that the three key qualifications for the next THAI chairman were marketing flair, technology knowledge, and transparency.
https://www.nationthailand.com/business/30378251
Chakkrit enters THAI race
https://www.bangkokpost.com/business...ters-thai-race
Nov 14, 2019, 6:43 pm
#472
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THAI losses Bt4.68 billion in Q3 2019
The national carrier Thai Airways International (THAI) announced the turnover of the company and its affiliates in the 3rd quarter of 2019 on Thursday (November 15), reporting a net loss of Bt4.68 billion, 27 per cent higher than last year’s result or Bt994 million. This loss translates to Bt2.14 loss per share, which is Bt0.44 higher than last year or 25.9 per cent.
In the third quarter of 2019, the company and its affiliates generated revenue of Bt45.016 billion, which is 6.1 per cent or Bt2.937 billion lower than last year’s revenue. The major cause for the dip in revenue was cited as negative factors in global economy that have reduced customers’ need to travel and transport products, as well as increased competition from low-cost airlines. The company and its affiliates have an accumulated expenditure of Bt47.858 billion, which is Bt4.029 billion lower than last year (7.8 per cent), thanks to a 12.2 per cent decrease in fuel costs compared to last year.
https://www.nationthailand.com/news/30378357
The national carrier Thai Airways International (THAI) announced the turnover of the company and its affiliates in the 3rd quarter of 2019 on Thursday (November 15), reporting a net loss of Bt4.68 billion, 27 per cent higher than last year’s result or Bt994 million. This loss translates to Bt2.14 loss per share, which is Bt0.44 higher than last year or 25.9 per cent.
In the third quarter of 2019, the company and its affiliates generated revenue of Bt45.016 billion, which is 6.1 per cent or Bt2.937 billion lower than last year’s revenue. The major cause for the dip in revenue was cited as negative factors in global economy that have reduced customers’ need to travel and transport products, as well as increased competition from low-cost airlines. The company and its affiliates have an accumulated expenditure of Bt47.858 billion, which is Bt4.029 billion lower than last year (7.8 per cent), thanks to a 12.2 per cent decrease in fuel costs compared to last year.
https://www.nationthailand.com/news/30378357
Nov 14, 2019, 7:17 pm
#473
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Nov 15, 2019, 12:35 am
#474
Join Date: Dec 2008
Location: Bangkok, Thailand
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Posts: 471
Nov 15, 2019, 6:25 am
#475
Join Date: Apr 2019
Posts: 124
How is the Moscow route doing? , They aren’t daily yet (rumours were that Moscow was going daily with the 787 from https://centreforaviation.com/analys...vements-385476) and still flying old 777-200 on that route.....
Nov 15, 2019, 6:56 am
#476
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So you are saying they think they realistically can make up the 10.9bn loss of the first nine months in the last quarter of the year? If Q3 alone yields a loss of 4bn how on earth is Q4 supposed to finish at a positive 9bn to compensate...
Nov 15, 2019, 7:26 am
#477
Join Date: Jul 2009
Location: VZ
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Posts: 1,028
please read properly:
he wrote "some net loss" may be compensated
(and that is and has always been true over the last years)
https://www.bangkokpost.com/business...-b10-9-billion
Mr Sumeth predicted the national airline would post a loss of less than 3 billion baht in the last quarter of this year, which is the high season.
Just a few days ago, he said he hoped the airline could reduce its full-year loss to 2.2 billion baht, from an expected 10 billion.
Last edited by Creole Spirit; Nov 15, 2019 at 7:39 am
Nov 15, 2019, 8:31 pm
#478
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please read properly:
he wrote "some net loss" may be compensated
(and that is and has always been true over the last years)
https://www.bangkokpost.com/business...-b10-9-billion
Mr Sumeth predicted the national airline would post a loss of less than 3 billion baht in the last quarter of this year, which is the high season.
Just a few days ago, he said he hoped the airline could reduce its full-year loss to 2.2 billion baht, from an expected 10 billion.
he wrote "some net loss" may be compensated
(and that is and has always been true over the last years)
https://www.bangkokpost.com/business...-b10-9-billion
Mr Sumeth predicted the national airline would post a loss of less than 3 billion baht in the last quarter of this year, which is the high season.
Just a few days ago, he said he hoped the airline could reduce its full-year loss to 2.2 billion baht, from an expected 10 billion.
Nov 18, 2019, 7:12 pm
#480
Join Date: Aug 2005
Location: BKK
Programs: Mucci Chevalier de la Brosse a Cheveux Dore, SK *GfL, BA Gold, WY G, HH DIA, IC Plat Amb., Hertz PC
Posts: 3,699
Interesting - guess this is another consequence of lack of operational planes in the near future?
Guess it is good news for pax though as the 359 (at least IMO) is a more comfortable plane than the 77W.
https://www.routesonline.com/news/38...e-in-dec-2019/
Thai Airways International during the month of December 2019 schedules Airbus A350-900XWB service to Scandinavia, reflected in last week’s schedule update.
Bangkok – Copenhagen A350-900XWB operates on 16DEC19 / 26DEC19 / 29DEC19
TG950 BKK0050 – 0635CPH 359
TG951 CPH1350 – 0620+1BKK 359
Bangkok – Stockholm Arlanda A350-900XWB operates from 01DEC19 to 15DEC19
TG960 BKK0125 – 0655ARN 359 D
TG961 ARN1330 – 0545+1BKK 359 D
Guess it is good news for pax though as the 359 (at least IMO) is a more comfortable plane than the 77W.
https://www.routesonline.com/news/38...e-in-dec-2019/
Thai Airways International during the month of December 2019 schedules Airbus A350-900XWB service to Scandinavia, reflected in last week’s schedule update.
Bangkok – Copenhagen A350-900XWB operates on 16DEC19 / 26DEC19 / 29DEC19
TG950 BKK0050 – 0635CPH 359
TG951 CPH1350 – 0620+1BKK 359
Bangkok – Stockholm Arlanda A350-900XWB operates from 01DEC19 to 15DEC19
TG960 BKK0125 – 0655ARN 359 D
TG961 ARN1330 – 0545+1BKK 359 D