( Buoyed Company officials plans 80 new aircrafts in its fleet)
By DEBAJYOTI CHAKRABORTY
KOLKATA | 4 AUGUST
On day one at Thailand Stock Exchange, the national carrier, THAI Airways stock has soared 216%, after a gap od almost five years. Infact there has been celebrations in the THAI Airways office today after its stock performance on day one after returning back. The company is now planning to add 80 numbers of new aircrafts in its fleet. By 2033, the company targets to have 150 aircrafts in its fleet.
This milestone follows the Central Bankruptcy Court’s order on June 16, 2025 to conclude the company’s business rehabilitation process. The successful completion of the implementation under the business rehabilitation plan has transformed the airline into a private entity ready to instill confidence among shareholders and investors. With a track record of strong performance and a clear strategy for future growth, THAI is poised to reclaim its position as a leader in the regional aviation industry and a top-listed company on the stock exchange once again.
Thai Airways International Public Company Limited (THAI) had announced on 24 July this year about its upcoming relisting on the Stock Exchange of Thailand, with trading of “THAI” stock set to resume on August 4, 2025.
Earlier Mr. Lavaron Sangsnit, THAI Chairman of the Board of Directors, stated, ” The new Board of Directors is committed to steering THAI into a new era—one defined by operational excellence and robust corporate governance as a private company. I am confident that this board possesses the expertise and vision to propel the organization forward. The Board’s composition strategically blends experience from both the public and private sectors. The 11-member Board includes three directors from the pre-rehabilitation period, two of whom also served as plan administrators. They are joined by eight new directors, appointed by shareholders following a rigorous board skills matrix review to ensure comprehensive expertise in aviation, finance, law, strategy, marketing, and digital technology. Dedicated sub-committees, including Audit Committee and Nomination and Remuneration Committee, will also provide comprehensive oversight. Furthermore, the board and management are aligned in a shared vision and are ready to work in close partnership. By retaining the core management team that led the rehabilitation, we ensure a seamless continuation of our successful strategy. Today, THAI is positioned at its strongest point in all aspects, including financial health, operational efficiency, and competitive capability. The company has a clear and robust growth trajectory, supported by strategic initiatives that include an optimized organizational structure tailored to our business scale. Our personnel expenses are maintained at levels competitive with leading airlines of similar standing, while preserving flexibility to swiftly adapt to dynamic market conditions. Furthermore, we place great emphasis on full compliance with the regulations and guidelines of the Stock Exchange of Thailand and the Securities and Exchange Commission. On the environmental front, as an airline operator, THAI is committed to minimizing the environmental impact of our operations, with a clear target to achieve net zero emissions by 2065. Our goal is to build upon the successes of our recent restructuring to establish a solid foundation for sustainable growth through transparency and strong corporate governance. This approach aims to foster long-term trust and confidence among our shareholders and all stakeholders.”
Mr. Chai Eamsiri, Chief Executive Officer, Thai Airways International, today while expressing his deepest gratitude to all plan directors, employees of THAI, creditors, shareholders and media for putting their trust in the company throughout the rehabilitation processhas reiterated that Thai Airways is on pace for strong operations and financial results moving forward following 10-straight quarterly profit recorded. The company is committed to a 25% dividend payout policy after the re-listing in the Thai stock exchange, he added.
“The company is aiming for 400 billion baht of revenue by 2033, the same milestone of the expansion of its fleet to 150 aircrafts to retake market share . The Board has set targets of 21% market share at the six airports managed by Airports of Thailand PCL (SET: AOT) and 35% specifically at Suvarnabhumi Airport in Bangkok by 2029, a remarkable increase from 15% and 26%, respectively in 2024,”the Thai Airways International CEO said.
Mr. Chai Eamsiri further eased concerns of decreasing Chinese arrivals in 2025 as Chinese tourists ranked only seventh in Thai Airways’ top-10 passenger revenue by cocountry of destination—behind Japan, Australia, Germany, the UK, India, and Thai domestic travellers.
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