Thai Airways chairman resigns amid airline’s financial struggles

Thai Airways International (THAI), which is currently struggling with financial problems, has announced the resignation of Ekniti Nitithanprapas as chairman.

Chaiyapruk Didyasarin, who is currently vice-chairman, will serve as acting chairman.

Thai Airways chairman resigns amid airline’s financial woes

THAI gave no reason for Ekniti’s departure, which came after three of the airline’s executive directors recently quit, according to a report by the Bangkok Post.

Media reports had earlier said that the airline was at risk of shutting down, a statement that has been refuted by THAI president Sumet Damrongchaitham.

The Thai national carrier reported a net loss of nearly 6.7 billion baht (US$222 million) in the second quarter of this year, it added.

Last month, deputy transport minister Thaworn Senneam Thaworn Senneam expressed concerns that the national flag carrier is in financial peril and runs the risk of chalking up net losses of over 10 billion baht by year-end.

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