BANGKOK, 29 April 2021: THAI Airways International will
vacate its showcase crew centre in Laksi, a northern suburb of Bangkok close to
Don Mueang Airport, following the conclusion of a sales agreement earlier this
month
Sold for THB1.81 billion to Energy Complex Co Ltd (EnCo) through a bidding process, the asset-stripping was part of the ongoing business reorganization process approved by the Central Bankruptcy Court.
EnCo paid a 10% deposit within 15 days from the date of the announcement made in mid-April. It will pay the balance before or within the date of the ownership transfer and be responsible for fees and all taxes relevant to the transfer registration, according to THAI’s official statement.
Union slams new airline plan
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THAI s rehab better option, say workers
published : 28 Apr 2021 at 04:30 Thai Airways planes at Suvarnabhumi airport in Samut Prakan province in March. (Photo: Arnun Chonmahatrakool)
The workers union of Thai Airways International Plc (THAI) has voiced its opposition to any plans to establish a new flag carrier to replace the ailing national airline, saying far too much has been invested in the airline, which has contributed significantly to the economy.
In a statement released on Tuesday, the union firmly rejected the idea, saying it would make much better sense to rehabilitate the ailing carrier, which already has a solid and internationally known brand.
New staff contracts draw THAI labour union s ire
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published : 6 Apr 2021 at 06:00
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The Thai Airways International Plc (THAI) labour union is seeking clarification on whether the airline complied with its debt-restructuring plan by changing the terms of employment of its staff.
The union has targeted Chansin Treenuchagron, the airline s acting president, for his role in signing orders governing the company s restructuring and its new employment contracts.
The union has petitioned the Department of Labour Protection and Welfare (DLPW) to decide if the orders were consistent with the debt-restructuring plan submitted to the Central Bankruptcy Court.
The labour union has argued that changes to employment contracts were unfair to employees because they stripped away some important entitlements and welfare benefits.
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On March 2, Thai Airways will submit its business rehabilitation plan to the Central Bankruptcy Court. After that, in around May, the court will assemble Thai Airways creditors to vote on the plan. If a majority of creditors vote yes, the court will appoint rehabilitation plan administrators and Thai Airways will conduct its business according to the plan. If a majority of creditors vote no, Thai Airways will be declared bankrupt and will head towards liquidation.
Originally, Thai Airways intended to submit the plan on Jan 2 but that did not happen. The submission date was then rescheduled to Feb 3. That did not happen either. The submission date is now pushed to March 2 one day before the deadline set by law. If Thai Airways fails to submit the rehabilitation plan by that date, it s over.