The Thai Airways International labour union has appealed to the Finance Ministry to inspect the airline’s operations. The union alleged that a lack of transparency in the airline’s operations had resulted in financial losses and damages to its corporate image.
In one case, it said, the THAI board resolved to approve the sales of 17 idle aircraft that still had about six to eight years remaining in their service lives. As a result, the company suffered losses of about Bt30 billion from 2008-2016. And about Bt26 billion of that occurred between 2013 and 2016, the labour union claimed.
Noting that THAI had attributed its successful reforms for the company’s profit of about Bt47 million last year, the letter indicated that there were discrepancies between the board’s claimed successes and the reality.Date: May 18, 2017