Thai Airways Workers union has slammed the airlines plan to replace the struggling airline with a new flag carrier.
In a statement, the union firmly rejected the idea, saying it would make much better sense to rehabilitate the ailing carrier, which has already had “too much invested” and already has a solid and internationally known brand.
Thai Airways lost its state-owned status last year when the ministry decided to reduce its stake to under 50% of the total, in order to facilitate the debt-rehabilitation process.
Now, with debts totalling over 300 billion baht, the airline is currently seeking to rehabilitate its finances through the Central Bankruptcy Court.
The workers union is currently urging the government to maintain its support for the airline’s debt-restructuring efforts.
The union added that a new airline would not be competitive given the current sluggish aviation market.