Piyasvasti Amranand, chair of Thai Airways’ recovery plan management, outlined the airline’s strategic plans to steer shareholders’ equity into positive territory by the end of this year. Plans are underway for additional stock issuance to bolster capital, with expectations to conclude the initial phase of the plan by 2025 and reinstate trading of THAI shares on the stock market.
Bangkok Airways, meanwhile, reported profits exceeding 3.1 billion baht from its 2023 operations.
Puthipong Prasartthong-Osoth, Bangkok Airways CEO, attributed this growth to the ongoing recovery in the aviation industry, bolstered by factors such as China’s open-country policy, extended holidays and various festivals.
In a strategic move, Bangkok Airways forged a collaborative flight agreement with Singapore Airlines last year, aiming to enhance passenger convenience when connecting to popular destinations across Thailand, ASEAN, Australia and New Zealand. This partnership has seen participation from 28 airlines in code-share agreements, facilitating seamless travel for passengers.