Thai Airways management has approved a restructuring plan aimed at cutting over THB4bn ($125 million) in costs over the next six months. The airline’s newly-installed chairman, Air Chief Marshal Prajin Juntong, stated that the restructuring plan will be aimed at returning the airline to profitability by mid-2015. In addition, the airline intends to revise its fare structure in order to increase revenue by between $94-157million. The airline also plans to rationalise its European route network while expanding services to Japan and China. In a bid to reduce fuel costs, Thai will maintain the delivery of brand new A330-300s, A350-900s and
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