Thai Airways will reduce its fleet and lay off 6000 employees.
Thai Airways will reduce its staff and fleet size to become a more efficient airline, according to the recovery plan.
On March 2, 2021, Chansin Treenuchagron, the president Thai Airways, announced that the Thai flag carrier intends to reduce the number of employees between 13.000 and 15.000 workers by 2025. The airline has already reduced its workforce to 19.500 employees compared to the airline's 28.000 employees before the pandemic. .
The airline is also considering an additional 6.000 redundancies by the end of 2021. The announcement comes after Thai Airways' decision to cut 240 driving positions and reduce the company's levels of oversight.
Thai Airways intends to reduce the size of the fleet.
In addition to downsizing, Thai Airways plans to reduce its fleet size from 103 to 86 aircraft by 2025, operating only five aircraft types, compared to the 12 medals currently operated.
The planned reductions are set out in the recently presented Thai Airways recovery plan. The plan has yet to be approved by the airline's creditors, as well as by the Central Bankruptcy Court in Thailand.
Thai Airways suffered a record loss of $ 4.66 billion in fiscal year 2020. The airline tried to sell the 10 Boeing 747s to mitigate the consequences of COVID-19.
Thai Airways has denied rumors about the purchase of aircraft.
In February 2021, rumors spread that the sale of aircraft was part of a fleet modernization plan and replacement of aircraft sold or decommissioned with new ones by the end of 2025. However, Thai Airways has denied rumors about the purchase of aircraft.
The airline also intends to sell the Bangkok training unit, shares in Bangkok Aviation Fuel Services and its subsidiary Nok Airlines. The airline is undergoing bankruptcy-protected recovery.