BANGKOK, June 20 Five board members at Thai
Airways International will resign to allow the ruling
military to reshuffle and restructure the loss-making carrier
hit by weak tourism after several months of domestic political
Air Chief Marshal Prajin Juntong will stay as chairman of
Thai Airways to help turn around the state-controlled airline
after the junta refused his resignation.
"Head of the military council and the airline's board don't
want me to resign and they want me to help improve the airline
which is in critical condition," Prajin told reporters.
The latest report issued by the State Enterprise Policy
Office showed Thai Airways was among five state companies which
are in "critical" condition. The national carrier posted a
fourth successive losss in the first quarter.
Former chairman Ampon Kittiampon, who resigned from the
position in March but still sits on the board, is among those
Prajin, who is overseeing economic matters for the junta,
said he was worried about revenue, but added the airline's
aircraft purchasing plan would not be reviewed. It is due to
take deliveries in the next five years.
Thai Airways, which also suffered from fierce competition
from low cost and regional rivals, is implementing strategies to
boost revenue, cut operating costs and scrap some benefits of
the 15 members of the board, Prajin said.
The junta, led by General Prayuth Chan-ocha, has been
scrutinising 56 state-owned companies as part of its attempt to
reform and take control of the overall state enterprise system
and its combined assets of 11 trillion baht ($340 billion).
Chairmen of several state-owned companies, including top
enery firm PTT, Krung Thai Bank, Airports of
Thailand and broadcaster MCOT Pcl, have
resigned to pave the way for the reshuffle under the order of
PTT is the largest revenue contributor to the government,
the agency said.
($1 = 32.3500 Thai Baht)
(Reporting by Manunphattr Dhanananphorn and Khettiya Jittapong;
Editing by Jeremy Laurence)