Govt puts troubled Thai Airways in a spot over recovery plan

THAI needs to come up with a better plan to solve its financial problems, including dealing with its massive Bt240b debt which might lead to its bankruptcy, a senior official said. Chayatan Phromsorn, the deputy director of the Office of Transport and Traffic Policy and Planning (OTP), said that Thai Airways’ plan for a turnaround had no clear direction and too many risks in it. The government also called for an action plan with clarity, which was required for the survival of the airline. The OTP is expected to reveal a recovery plan for THAI this week, which will show the new direction for the national airline. Transport Minister Saksayam Chidchob has tasked OTP with studying the effects of the Covid-19 crisis and thoroughly make a plan for the expense and public debt management.<br/>