A Thai Airways International plane stands on the tarmac at Suvarnabhumi airport. (Bangkok Post photo)The management of Thai Airways International (THAI) insists job terminations are not in the pipeline for at least a year even though downsizing the fleet and cutting routes are part of its six-point strategy to turn the business around. The assurance was given by acting THAI president, Chakkrit Parapuntakul, to airline staff on Thursday during a meeting to clarify the debt-rehabilitation process after the Central Bankruptcy Court agreed to examine its rehabilitation plan in August. He expressed confidence that if THAI can follow the six-point strategy, the company will become financially strong within five years. While assuring THAI does not have liquidity problems thanks to cost-cutting over the past months, cash flow remains a challenge, Mr Chakkrit said.

Source: Bangkok Post June 12, 2020 22:52 UTC