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Bit of News from TG…
Thai Airways to Downsize and Reduce routes
The State Enterprise Policy Committee has approved Thai Airways International’s rehabilitation plan discussed in a meeting on Monday chaired by the prime minister.
Measures will include a reduction of the airline’s staffing by 5,000 and cancellation of its non-performing routes.
In the first nine months of 2014, the airline suffered losses of Bt9 billion and Bt12 billion in 2013.
The rehabilitation plan will see its workforce slashed from 25,000 to 20,000.
Decisions on routes that do not make a profit but are considered to have potential will be made in the fourth quarter.
Under the plan, THAI’s will sell 22 old aircraft and decommission 14 Boeing 747-400 and Airbus A 340-600 craft.
THAI also plans to sell its stakes in Nok Air, BAFS , Novotel Suvarnabhumi Airport Hotel,the Amari Airport Hotel and Royal Orchid Sheraton…(abbr)