It’s been a difficult year for national carrier Thai Airways, from financial difficulties to embarassment after its workers painted over identifying logos after a plane’s runway accident.
Thai Airways is on the defensive this week as its employee labor union demands its leadership resign and rumors spread of financial problems.
Thai union President Damrong Waiyakanee has blamed the airlines heavy losses on board Chairman Amphon Kittiamphon and acting President Chokchai Panyayong, Thai PBS reported.
Regarding rumors of the national carrier’s impending financial collapse, Transport Minister Chadchart Sittipunt yesterday sought to dispel rumors spreading online that the airline would declare bankruptcy this May.
Thai reported losses of THB6.35 billion in the third quarter of 2013, and internet theorists have speculated its restructuring was being engineered to allow former Prime Minister Thaksin Shinawatra to acquire the airline.
“The rumour is groundless,” Chadchart said. As a state enterprise with 51 percent of stock held by the Finance Ministry, acting President Chokchai said, it would be impossible for any private party to gain a majority stake, Bangkok Post reported.
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