AviationPolitical fall-out blamed for changes at the top

THAI chairman quits as losses mount

Thai Airways blames tourism slowdown for tough quarter.
Thai Airways blames tourism slowdown for tough quarter.

BANGKOK – Days after the president of troubled Thai Airways told the airline’s executives “to pull their socks up”, the carrier’s chairman, Ekniti Nitithanprapas resigned last Friday.

The carrier's vice chairman, Air Chief Marshal Chaiyapruk Didyasarin, will be acting chairman.

Ekniti's departure followed the resignation of three of the airline's executive directors in the wake of the call by THAI president Sumeth Damronchaitham for employees to get behind his rehabilitation plan.

The company reported a nearly 6.7 billion-baht (US$220 million) net loss in the April-June quarter, blaming a slowdown in tourism in Thailand and a stagnant global aviation market.

Although no official reason for the chairman’s resignation has been given by Thai Airways, reports indicate the move is linked to a fallout between government factions.

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