Thai Airways struggling with huge debt, executives asked to take voluntarily pay cut

 Thai Airways struggling with huge debt, executives asked to take voluntarily pay cut

Thai Airways Boeing 747-4D7 on final approach at Hong Kong International Airport. Photo: Aero Icarus.



Thai Airways International, the national flag carrier, appears to be in a deep financial crisis and may have to delay debt repayments or seek new loans.

THAI president Sumet Damrongchaitham said this morning (Monday) that he has asked the company’s executives, himself included, to cut their meeting allowances and remuneration voluntarily to show spirit in helping the organization get through this crisis.

Full story: thaipbsworld.com

By Thai PBS World



TN

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