Thai Airways Seeks To Raise 50 Billion Baht And Reduce Staff By 50% Through Rehabilitation Plan

Written by Sebastian Powell @ LoyaltyLobby

Thai Airways has submitted their business rehabilitation plan to creditors this week, outlining their cost cutting measures and intention to raise THB 50 Billion from financial institutions to pay for early buyout-retirements and operational costs. THAI has not proposed any debt reduction to their creditors and instead proposed a 3 year debt repayment moratorium, a […]

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THAI Airways Savings Cooperative Files Criminal Complaint Over Fake Death Certificate Fraud Scheme

Written by Sebastian Powell @ LoyaltyLobby

Yet another scandal involving THAI Airways comes to light as some members of the companies Savings Cooperative have filed a criminal complaint alleging they unearthed a fraud scheme involving fake death certificates. Members (families) of said cooperative are eligible for substantial allowances when the original employee dies yet as evidence allegedly shows some of the […]

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THAI Airways Grounds More Aircraft, Lays Off 395 pilots As Part Of Reorganization Plan

Written by Sebastian Powell @ LoyaltyLobby

Thai Airways has announced that they intend to lay off to 395 pilots – a third of it’s workforce – and get rid of more aircraft than originally anticipated as part of their reorganization efforts. The aircraft currently due for being grounded are models Airbus A-330-300, Airbus 380 and Boeing 747 although it hasn’t been […]

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Thai Airways Postpones Bankruptcy Plan Until March 3, 2021

Written by John Ollila @ LoyaltyLobby

Thai Airways filed for bankruptcy protection in late May 2020 and sent out very confusing bankruptcy court emails to ticketholders shortly after, and later clarified precious communication. The airline asked for the second time for the bankruptcy court to extend the deadline when it needs to file its reorganization plan from January 2 to February […]

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Some Of Bangkok Airways & THAI Domestic Airport Lounges Shutting Down Again Due To Covid-19

Written by Sebastian Powell @ LoyaltyLobby

Thailand’s two full service domestic airlines Bangkok Airways & Thai Smile have both announced temporary flight reductions, route suspensions and closure of lounge services due to the the resurgence of Covid-19 in the country. The lounges had previously reopened on August 1, 2020 and since then had a good five month run before now being […]

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Thai Airways Resumes Mini-Schedule To Chiang Mai & Phuket, Cancels New Year Celebration Flight

Written by Sebastian Powell @ LoyaltyLobby

Thai Airways has started to operate a few regular scheduled domestic flights with their mainline again and will from this week fly in irregular periods between Bangkok and Phuket / Chiang Mai again. Despite the original schedule supposedly being valid until February 28th the only weekend where these fights have been tabled is this three […]

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Thai Airways Overhauls Fleet With New B777 Due To Be Delivered While Several A380/B747 Are Up For Sale

Written by Sebastian Powell @ LoyaltyLobby

Thai Airways which is currently under bankruptcy administration is working on overhauling their fleet and is probing interest of potential buyers of used Airbus A380 and Boeing 747 aircraft. At the same time the carrier is awaiting the delivery of three new Boeing 777-300ER that were ordered a couple of years ago, if they can […]

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THAI Airways Corruption Probe Reveals Another 20 Suspects To Face Possible Graft Allegations

Written by Sebastian Powell @ LoyaltyLobby

The ongoing THAI Airways corruption probe which investigates wrongdoing of current and former senior managers of the airline has brought forward another 20 names that could be facing allegations of graft. Just last week a former CEO of Thai Airways was sentenced to two years in prison (likely politically motivated) for failing to pay for […]

The post THAI Airways Corruption Probe Reveals Another 20 Suspects To Face Possible Graft Allegations first appeared on LoyaltyLobby.

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Thai Airways Will Operate More “Special Flights” TO Europe & Within Asia Until December 30, 2020

Written by Sebastian Powell @ LoyaltyLobby

Thai Airways has announced that it will operate another set of “special flights” to Europe (ARN, CPH, CDG, FRA, LHR) and within Asia (HKG, TPE, TYO) until late December to repatriate passengers while their international fleet remains grounded. Thai has also announced that passengers can use existing ticket coupons and credits from previously cancelled flights […]

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Thai Airways Sends 5000 Employees Into Early Retirement, Financial Reserves To Run Out By December

Written by Sebastian Powell @ LoyaltyLobby

More bad news surrounding bankrupt carrier Thai Airways as media reports revealed that THAI is running out of their last reserves by December following earlier announcements of the carrier. The company has also devised a plan to send 5,000 of their 19,000 employees into early retirement by offering buyout packages – with no way in […]

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Epic Failure: Thailand Delays Special Tourist Visa Indefinitely 48 Hrs Before First Tourists Arrive – No Refunds!

Written by Sebastian Powell @ LoyaltyLobby

Another absolutely ridiculous failure coming out of Thailand as the government has decided to “delay” the starting date of their new Special Tourist Visa just 48 hours before the first tourists were due to arrive. Even more stunning: The government is brazen enough to stand up and say there will be no refunds as per […]

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Budget Carrier Thai Smile Airways Manages To Serve Hot Meal & Beverages During 55 Minute Flight – In Economy Class!

Written by Sebastian Powell @ LoyaltyLobby

This week I took a flight on budget carrier Thai Smile (subsidiary of Thai Airways) and was surprised that the crew managed to serve a hot meal and a round of beverages to all passengers during the 55 minute flight. One has to wonder why airlines in other parts of the world (especially Europe and […]

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Thai Airways Debt Restructuring Plan Approved By Bangkok Bankruptcy Court, Corruption Allegations Spread Further

Written by Sebastian Powell @ LoyaltyLobby

Bankrupt flag carrier Thai Airways International got court approval for its debt restructuring today as the Central Bankruptcy Court in Bangkok continues to scrutinize the airlines accounts. Just last month the appointed auditors, firm Deloitte Touche Tohmatsu Jaiyos Co Ltd said it could not reach a conclusion on the statements due to issues including a […]

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