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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Israel-Hamas war hasn't affected Thai Airways' flight routes, CEO saysChai Eamsiri, CEO of Thai Airways International, says if the war expands, it will affect "every airline from Southeast Asia going to Europe."
Persons: Chai Eamsiri Organizations: Thai Airways, Thai Airways International Locations: Israel, Southeast Asia, Europe
BANGKOK, Nov 11 (Reuters) - Thai Airways International PCL (THAI.BK) expects to name a new permanent CEO as early as January 2023 as it proceeds with a pandemic-driven restructuring plan, the airline's acting chief executive said on Friday. "There were nearly 50 applicants," acting CEO Suvadhana Sibunruang told Reuters on the sidelines of an industry gathering in Bangkok, saying a decision would be made early next year. Thai Airways entered bankruptcy protection last year to restructure 400 billion baht ($11.1 billion) in debt and has shed around half of its workforce and aircraft fleet. The carrier previously said Thai state agencies will own about 40% of the airline after restructuring, down from current levels of 67%. The airline on Friday reported a third-quarter loss of 4.79 billion baht, down from a 40 billion baht profit the prior year that included a large one-off gain from the restructuring plan.
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