- IATA/ICAO Code:
- Airline Type:
- Full Service Carrier
- Bangkok Suvarnabhumi Airport
- Year Founded:
- Star Alliance
- Suvadhana Sibunruang
Thai Airways has posted a job posting on LinkedIn for a new CEO. The airline is undergoing a restructuring process and has been without a CEO for over a year. The airline is looking for a natural leader with plenty of experience to direct the company in the proper direction while appeasing shareholders. The airline hopes that by acquiring a new CEO, it will be better able to build a strong future for the company.
The company shared in the posting that it is looking for someone driven and inspired by the company’s rehabilitation plan. The list of general qualifications includes a master’s degree or higher, experience in aviation business, and experience managing large organizations. The application also states that all applicants must be a Thai national. The position will last four years or until the CEO reaches age 65, whichever comes first. The airline’s Board of Directors will determine the CEO’s salary.
Thai Airways Board of Directors will determine the salary for the chosen CEO. Photo: Getty Images
The company will stop accepting applications on October 25th. In the LinkedIn post, the company stated,
“We are excited to open a CEO role, looking for a strong leader with an eye for driving our business to success, especially under the rehabilitation plan. You, in cooperation with the Plan Administrator (Board of Directors), will be devising and executing the company’s strategy, as well as directing all the activities of the airline to achieve short and long-term plans. You have to be an inspiring leader, able to take the management and people with you and build strong teams, while being able to communicate your vision to all levels and create a positive culture that engages employees to achieve outstanding results. With numerous stakeholders involved, we are looking for the one who can build and maintain healthy relationships amongst all, particularly with regulatory/government agents.”
In June 2021, Thai Airways CEO Chansin Treenuchagron resigned from the role. At the time, three directors within the company also resigned. This occurred as the courts approved the airline’s restructuring plan. Since then, the airline has undergone significant changes and is beginning to see a positive recovery. Following the pandemic, Thai Airways, like most airlines, has taken advantage of the sudden rise in travel demand. This past summer allowed it to generate plenty of revenue to keep it moving along its path to recovery.
Thai Airways has shrunk its fleet considerably. Particularly in the jumbo jet department. Photo: Thai Airways
The airline expects to be free of bankruptcy by 2024. The consistent demand has set the company on a path to success. It hopes that once it is free of bankruptcy, its operations will continue to grow to it’s pre-pandemic levels. Once there, it envisions it will soon be able to turn a profit again. In 2019 the airline carried 19 million passengers. It expects to carry nearly 10 million next year.
Thai Airways continues to fly long-haul international routes on a much smaller scale than it used to. Throughout the bankruptcy process, the airline chose to shrink much of its fleet, using the capital from selling aircraft to fuel its operations. The company used to be known for its use of jumbo jets. Now it is only operating widebody twinjets. The airline currently flies the Boeing 787 and 777 aircraft. It also operates the Airbus A350 and just reintroduced the A330.
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