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Transport Ministry to nominate 4 professionals to sit on THAI’s new board

Transport Ministry to nominate 4 professionals to sit on THAI’s new board

13 Sept 08:20 Key points summarised by AI
  • Thailand's Transport Ministry will nominate four professionals to the new board of Thai Airways International (THAI) to manage its court-sanctioned rehabilitation.
  • The Finance Ministry will reduce its stake in THAI to below 50%, removing its state enterprise status, and will also participate in the airline's rehabilitation efforts.
  • THAI is undergoing this rehabilitation due to significant financial losses over the past two years, exacerbated by the global COVID-19 pandemic.
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