Thai Airways to appoint new CEO as early as January 2023, interim chief says

BANGKOK, Nov 11 (Reuters) – Thai Airways International PCL (THAI.BK) plans to appoint a new permanent CEO as early as January 2023 as it carries out a pandemic restructuring plan, the acting chief executive said on Friday. of the airline.

“There were nearly 50 candidates,” acting CEO Suvadhana Sibunruang told Reuters on the sidelines of an industry gathering in Bangkok, saying a decision would be made early next year.

Interviews are expected to begin soon, with both public and private sector candidates being assessed, Suvadhana said.

The airline, which has had interim CEOs since 2020, opened nominations for the top job in September. Applicants had to be Thai nationals as per government regulations.

Thai Airways filed for bankruptcy last year to restructure 400 billion baht ($11.1 billion) debt and laid off about half of its workforce and aircraft fleet.

The carrier previously said Thai state agencies would own around 40% of the airline after the restructuring, up from 67% currently.

The airline reported a third-quarter loss of 4.79 billion baht on Friday, compared with a profit of 40 billion baht the year before, which included a large one-time gain from the restructuring plan.

($1 = 36.0100 baht)

Reporting by Chayut Setboonsarng; Written by Jamie Freed; Editing by Himani Sarkar and Tom Hogue

Our standards: The Thomson Reuters Trust Principles.

About Susan Dailey

Check Also

Idaho police name 4 college students killed in apparent quadruple homicide near campus

Police in Moscow, Idahoreleased the names of four University of Idaho students killed over the …