THAI: News
Mar 30, 2021, 9:38 am
#706
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https://www.bloomberg.com/news/artic...-lessor-claims
https://www.flightglobal.com/strateg...143062.article
wait and see what's going to happen by mid-May....
https://www.flightglobal.com/strateg...143062.article
wait and see what's going to happen by mid-May....
TG argument is a bit funny.
Transposed to a ten-year loan, it would mean that any payments due after the airline received bankruptcy protection are not to be counted.
I guess that they expect the Thai court to agree with them, thereby reducing their liability significantly.
Last edited by brunos; Mar 31, 2021 at 5:24 am
Apr 3, 2021, 11:38 pm
#707
Join Date: May 2010
Location: UK & Phuket
Programs: TG Plat
Posts: 314
The official plan is Phuket will now open for tourists 01 July and there will be no quarantine if you have been jabbed and have a negative test prior to the flight. After 7 days in Phuket you will be allowed to travel to other areas in Thailand.
Currently there is one Thai Air flight a week LHR – BKK but this changes to 4 flights a week July on and October on is 7 flights a week (pre COVID it was 14 a week) but no A380 Ditto Paris and Frankfurt. Prices say LHR - HKT are not competitive with Singapore Air. Business on SQ for £2,010.
What will happen to the A380s and the first class lounge?
Currently there is one Thai Air flight a week LHR – BKK but this changes to 4 flights a week July on and October on is 7 flights a week (pre COVID it was 14 a week) but no A380 Ditto Paris and Frankfurt. Prices say LHR - HKT are not competitive with Singapore Air. Business on SQ for £2,010.
What will happen to the A380s and the first class lounge?
Apr 4, 2021, 2:36 am
#708
Join Date: Feb 2009
Posts: 425
Seems to translate into a compulsory 7 day quarantine in Phuket, then it's OK to travel to the rest of Thailand.
Apr 4, 2021, 8:43 am
#709
Join Date: Apr 2010
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https://www.bloomberg.com/news/artic...ts-from-july-1
https://www.tatnews.org/2021/03/phuk...m-1-july-2021/
Personally, I wouldn't go. Not because of the virus, but because of the weather. Anyone who goes in July should bring a good umbrella.
Apr 26, 2021, 10:22 pm
#710
Join Date: Dec 2008
Programs: ROP Gold
Posts: 13
Thai creditors meet to vote on rehabilitation plan on 12th May:
https://www.bangkokpost.com/business...p-to-creditors
https://www.bangkokpost.com/business...p-to-creditors
Apr 27, 2021, 11:13 pm
#711
Join Date: Jul 2013
Location: BKK
Programs: TG ROP Platinum, M&M Senator, IHG Platinum, Accor Platinum
Posts: 8,331
new airline or rehab?
Union slams new airline plan (bangkokpost.com)
Union slams new airline plan (bangkokpost.com)
Apr 28, 2021, 4:37 am
#712
Join Date: May 2001
Location: RNO, NV, USA.
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new airline or rehab?
Union slams new airline plan (bangkokpost.com)
Union slams new airline plan (bangkokpost.com)
A new airline would obviously mean far fewer union jobs, and it might actually have to break even.
Apr 28, 2021, 4:46 am
#713
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Thai creditors meet to vote on rehabilitation plan on 12th May:
https://www.bangkokpost.com/business...p-to-creditors
https://www.bangkokpost.com/business...p-to-creditors
However, some major creditors (lessors) disagree with TG on the value of their debt.
This can lead to further litigation.
While the Thai liquidator might consider the plan approved, foreign creditors could initiate legal proceedings in their own countries to recover their debt that they feel unfairly valued.
Apparently, TG has well organized its negotiation teams with numerous groups of Thai creditors. What will happen with foreign creditors will be interesting.
Apr 28, 2021, 10:09 am
#714
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"The workers union of Thai Airways International Plc (THAI) has voiced its opposition to any plans to establish a new flag carrier to replace the ailing national airline, saying far too much has been invested in the airline, ... "
A new airline would obviously mean far fewer union jobs, and it might actually have to break even.
A new airline would obviously mean far fewer union jobs, and it might actually have to break even.
Apr 28, 2021, 5:45 pm
#715
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Does the union and the workforce have any leverage?
I wouldn't imagine there was any kind of ownership sharing deal in place?
Maybe they could pressure politicians but it's a military junta in charge right?
I wouldn't imagine there was any kind of ownership sharing deal in place?
Maybe they could pressure politicians but it's a military junta in charge right?
Apr 28, 2021, 10:04 pm
#716
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While forming a new airline would theoretically allow trimming of staff and (more importantly) rationalizing the fleet, the absolutely necessary predicate to a successful Thai Airways would be getting the incompetent cronies out of management and allowing decisions to be made without political intervention. It seems unlikely that's going to happen.
Apr 29, 2021, 7:36 am
#717
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May 4, 2021, 8:25 pm
#718
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Reading the tea-leaves and in-between the lines of various public statements, there seems to be a ground preparation for sending TG off to the crematorium and starting afresh.
Creating a new trough for the MoT, and the regime in general, feels like the way they'll go.
Creating a new trough for the MoT, and the regime in general, feels like the way they'll go.
May 5, 2021, 7:52 am
#719
Join Date: Jul 2013
Location: BKK
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Thai Airways still in holding pattern after cabinet meeting (bangkokpost.com)
back to state enterprise or to the grave, that is the question...
back to state enterprise or to the grave, that is the question...
May 5, 2021, 3:32 pm
#720
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How much of foreign tourists pre pandemic did TG bing in relative to all airline traffic into Thailand?
maybe the incentive to keep TG alive would be tied to how quickly they want to restart tourism to pre pandemic levels.
maybe the incentive to keep TG alive would be tied to how quickly they want to restart tourism to pre pandemic levels.