Jump to content

Ex-finance minister Korn disagrees with using taxpayers’ money to rescue debt-ridden THAI


webfact

Recommended Posts

Ex-finance minister Korn disagrees with using taxpayers’ money to rescue debt-ridden THAI

 

korn.jpg

(Photo) Korn Chatikavanich/Facebook

 

Former Finance Minister and Democrat list MP Korn Chatikavanich has voiced his concern over the financial crisis facing Thai Airways International and, at the same time, has objected to any plan to use taxpayers’ money to rescue the national flag carrier.

 

In his Facebook post today, Korn said THAI’s financial current trouble is similar to that in 2008, when the company struggled to find money to repay its debts on daily basis.

 

He said he agreed with the opinion, expressed by Mr. Banyong Pongpanich, a veteran investment banker, that the most important thing for THAI to do is cut costs.

 

Full story: https://www.thaipbsworld.com/ex-finance-minister-korn-disagrees-with-using-taxpayers-money-to-rescue-debt-ridden-thai/

 

 

thaipbs.jpg

-- © Copyright Thai PBS 2019-08-20
Link to comment
Share on other sites

Minister Korn take a bow!, Bad management and running of the company is solely to blame.

Needs new people in and a lot of cost cutting to get Thai airways back on track.

Link to comment
Share on other sites

Come on Korn, you have been there, you know the issues and the problems-- why not really say it as it is instead of pussy footing around with PR soundbites- if you really want to put some meat on your statement say it as it really is.....

Link to comment
Share on other sites

27 minutes ago, webfact said:

he agreed with the opinion, expressed by Mr. Banyong Pongpanich, a veteran investment banker, that the most important thing for THAI to do is cut costs.

The second step would be to stop passengers from flying free...

Link to comment
Share on other sites

5 minutes ago, missoura said:

The second step would be to stop passengers from flying free...

BINGO! I did the Narita-BKK leg on a THAI A-380 a few years ago. There were about 300 in line for 1st & Business classes. Maybe 3 dozen of us in economy which was the entire lower level. A Thai guy waiting with me to board said at best 20 in high class pay for tic.

Link to comment
Share on other sites

11 minutes ago, smutcakes said:

Come on Korn, you have been there, you know the issues and the problems-- why not really say it as it is instead of pussy footing around with PR soundbites- if you really want to put some meat on your statement say it as it really is.....

But he would <deleted> a lot of very greedy, unethical, and influential people off if he did that 

Thai style 101, don't actually tread on toes even when it is absolutely necessary to do so

Link to comment
Share on other sites

16 minutes ago, pegman said:

BINGO! I did the Narita-BKK leg on a THAI A-380 a few years ago. There were about 300 in line for 1st & Business classes. Maybe 3 dozen of us in economy which was the entire lower level. A Thai guy waiting with me to board said at best 20 in high class pay for tic.

To be fair, whilst obviously there are free bees, and dodgy upgrades,  they the reason for the financial mire of the company.. Obviously its lost revenue if someone else could of filled the seat but its small potatoes in the grand scheme of things.

 

More hurtful is the pervasive culture which allows that to happen and that people expect to happen, along with obviously the high staff numbers, complete incompetence and dare i say mafia style set up of whole families working in the company throughout the hierarchy, making it impossible to make changes- much like most civil services within the country. All in the same boat, all benefit from the system and all will do anything to preserve that system.

 

Link to comment
Share on other sites

53 minutes ago, webfact said:

the most important thing for THAI to do is cut costs.

Quite a staggering comparison of the number of employees between TA and SIA. 

TA employees total 25,884 (2018) while SIA employs 14.729 and TA revenue almost 30% lesser than SIA. 

By the way, TA big losses worsened since 2014 proving the point that Generals don't have the competency to govern. 

Link to comment
Share on other sites

3 hours ago, pegman said:

BINGO! I did the Narita-BKK leg on a THAI A-380 a few years ago. There were about 300 in line for 1st & Business classes. Maybe 3 dozen of us in economy which was the entire lower level. A Thai guy waiting with me to board said at best 20 in high class pay for tic.

Saw same thing in Moscow airport as 500 lined up for Emirates flight Dubai Bangkok. Next to us Thai aircrew arrive, same route; 9 passengers only???

Link to comment
Share on other sites

5 hours ago, webfact said:

that the most important thing for THAI to do is cut costs.

The most important thing is that the Thai government sell its shares in THAI and focus on governing the nation, not an airlines!

Albeit it hasn't done either any benefit.

Link to comment
Share on other sites

On August 19, 2019 at 10:53 PM, Eric Loh said:

Quite a staggering comparison of the number of employees between TA and SIA. 

TA employees total 25,884 (2018) while SIA employs 14.729 and TA revenue almost 30% lesser than SIA. 

By the way, TA big losses worsened since 2014 proving the point that Generals don't have the competency to govern. 

 Those generals,  admirals,  commanders, majors, captains have huge families that use free flights. 

Link to comment
Share on other sites

On 8/20/2019 at 1:53 PM, Eric Loh said:

Quite a staggering comparison of the number of employees between TA and SIA. 

TA employees total 25,884 (2018) while SIA employs 14.729 and TA revenue almost 30% lesser than SIA. 

By the way, TA big losses worsened since 2014 proving the point that Generals don't have the competency to govern. 

The answer to cutting costs is not always "cutting staff" especially frontline staff

Need to look at those who are less than productive behind the frontline, the awarding of contracts and to whom, inflated invoicing from suppliers.

 

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...