Thai Airways International president Sumeth Damronchaitham has admitted, for the first time, that the national flag carrier is in deep financial crisis, to the extent that it may have to fold unless all staff members unite to work harder.

He also said that there may still be time, albeit not much, to save the company “otherwise speculation that THAI is going bankrupt will materialize and there is a chance that we will reach that point.”

Full story: thaipbsworld.com

By Thai PBS World