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Nearly 6,000 THAI staff to be laid off

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6 hours ago, ezzra said:

Hopefully some of them will of the indifferent, aloof and oh' not so young anymore cabin crew... and why on earth are they always lugging these huge suitcases even on a single overnight trip i could never understand...

Indeed. 6,000 should be the minimum. That will cut this bloated and inefficient workforce down to a reasonable size. They have all had their snouts in the far too generous trough for far too long. Aloof, arrogant, just looking at their own personal benefit. Never mind the customers. They probably envisaged the endless perks to last forever. Best to wind the entire operation down and leave commercial aviation to the private market. Works well for others. If there's a market, a new airline will survive and flourish. Af there is no market, it will die off like many a carrier before it. Time will tell.

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4 minutes ago, steven100 said:

THAI will stop repaying all debt and start from scratch.

This would indicate cancellation will not be honored .....  imo 

Well I have no insight into Thai bankruptcy law.

 

But in general it's up to the court how creditors are paid as assets are liquidated.

 

Maybe they will prioritize passengers with paid tickets.But I'd be in the camp, 'Assume the worst, hope for the best'

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13 minutes ago, dallen52 said:

If operations are to continue as indicated for possibly 12 months, I cannot see how the flight cancellation should not be honoured?

It's not wipe the slate clean from today. 

Unless you are privvy to more information?

 

All I got was attached..

But an indication that flights were credit until December 2020.

Screenshot_20200521-223347_Gallery.jpg

After bankruptcy is declared, there is no more guarantee to honor your ticket.

 

It will all be up to the court, what debts are honored or not and I suspect ticket holders will get the shaft.

 

 

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Thai Airways has been bled to death. Most of the people that work there are into corruption, milking the company for everything they can.

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6 hours ago, Dumbastheycome said:

If  they start redundancies  from the top down it  might help !

 

Board Room should be cleared and disinfected anyway; they are about as useful as a Chocolate Teapot !

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6 hours ago, ThailandRyan said:

It was so they could shop for goods overseas and bring them back here to sell and make a profit.  Secondary income.  Do you not remember the 3 female attendants who were nailed by customs not that long ago....

Part of the Amazing Trusted Thailand gang!

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2 hours ago, White Christmas13 said:

I guess you should fly with Qantas the average age of female crew members looks like 65 plus

Ah yes; that excrement airline where you get treated like excrement while trying to eat the muck they call food with your quickly splintering plastic 'cutlery'.   Did it once; never again !

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6 hours ago, ThailandRyan said:

You mean possession is not 9/10th's of the law.  How will Airbus take them back if the airport's remains closed, under cover of darkness hire the airplane repo companies and pay them a tidy sum for risking their lives....Not sure what will happen, but this country now has some serious egg on it's face....

Seize them the minute they touch down at an airport outside Thailand with appropriate legislation and legal avanues in place. South Africa recently did that to the very last operational Air Zimbabwe aircraft at Johannesburg. Even Perth airport blocked Qantas aircraft with bulldozers in an effort to seize assets as payment / collateral for unpaid airport fees and charges. It will be impossible for Thai to make use of these aircraft on domestic routes only.

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11 minutes ago, GinBoy2 said:

Well I have no insight into Thai bankruptcy law.

 

But in general it's up to the court how creditors are paid as assets are liquidated.

 

Maybe they will prioritize passengers with paid tickets.But I'd be in the camp, 'Assume the worst, hope for the best'

If you read back through several articles published recently. 

Media and Here too.

There is a mechanism required for the Thailand government to basically relinquish its ties into this schmozzle. 

They have 51% ownership. 

But certain conditions have to exist before some action can happen. 

This is all part of the actions.

This would have allowed for further borrowing if that was the chosen path.

I'm no lawyer buy it all seems part of the course of action the adopted to take.

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6 hours ago, RichardColeman said:

They do realise that by writing off any money owed to Airbus could mean they lose 30 planes. right ? 

They had so many in storage even before the Covid shutdown it shouldn't cause them any problems.  If they had got rid of the 50ish planes they had in storage some for as long as 5 years maybe they wouldn't be so deep in debt.

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5 hours ago, crobe said:

Vayapuk - local Thailand pension fund

You can tell who they are, they are the ones with the CEO who has his arm twisted up his back

They tried the same with South African Airways. similar situation. They tried the umpteenth but final government bailout with pension fund money. Luckily it failed. SAA now part of a local Chapter 11 situation. Rescue practitioners are checking it out, they prefer winding it down entirely, unions in opposition of course. Govt contemplating a new airline. Latest news today is that the corrupt ANC cadre govt is, after all, bailing out the airline again. Details sketchy at the moment. A similar path seems pegged out for THAI. Slash some jobs, a bit of restructuring, then back to government subsidised smuggling and nepotism.

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I agree with the government.  They will need some help to pay back these debts.  It is so said that those employees will be laid off.

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