THAI not at risk of shutting down, says airline president

THAI is not at risk of shutting down and recent news reports about the airline's situation were "misinterpreted", THAI president Sumeth Damrongchaitham insisted Wednesday. He was responding to media reports about a possible closure during remarks he made to high-ranking THAI staff. He said the remarks were to encourage staff to make an all-out effort to ensure the struggling airline's rehabilitation plan succeeds. Sumeth said the remarks made during a discussion with executives Tuesday were "misinterpreted" as meaning the airline faced possible closure. The discussion took place during a training session at the airline's headquarters to remind them of the level of competition in the aviation industry. Sumeth admitted having to battle stiff competition, including from low-cost carriers. <br/>