'Survival Team' set up for Thai Airways

A so-called "Survival Team" has been formed to work out a business plan for THAI to support the debt rehabilitation of the carrier, according to a source at the airline. Acting THAI president Chansin Treenuchagron has ordered the team to get up and running. The Survival Team is in charge of producing a business plan, effective from July 9 to Oct 31. It represents an integral part of the rehabilitation blueprint which the airline will submit to the Central Bankruptcy Court on Aug 17, one day before the court is scheduled to decide whether to admit the airline's rehab case, according to the source. The source said the team will be headed by Chai Eamsiri, VP for Petroleum, Corporate Insurance and Aviation Environment. It will comprise 21 members who are executives of various departments of the airline. The team will be advised by executive vice-presidents for commerce, corporate strategy and sustainable development, operations, and the technical department.<br/>