Notice of Internet booking payment during CHUSEOK long holiday period of 30SEP-09OCT 2017

1.     Credit card payment

It is okay to issue tickets anytime when credit card payment is done at Thai homepage.

2.     Cash payment

During holiday period, SEOUL THAI office will be closed.

2.1.  Internet booking made until 28SEP with cash payment

Ticket can be issued when cash transfer is confirmed with staff of reservation or ticketing by the phone before 5pm of 28SEP17.

2.2.  Internet booking made between 29SEP -07OCT with cash payment Cash payment is not allowed.

2.3.  Internet booking made between 08OCT - 09OCT with cash payment

Cash payment is allowed. However, it is mandatory to confirm cash transfer with staff of reservation or ticketing by the phone on/after 10OCT within 72hours of reservation generated.

    Please kindly be informed that if cash transfer is not confirmed with staff, then reservation will be automatically cancelled after 72hours.

    Thank you.

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THAI Board Resolutions 2011

 

THAI Announces Board Meeting Results

16 December 2011 - Thai Airways International Public Company Limited (THAI) held its Board of Directors Meeting, which was chaired by Mr. Ampon Kittiampon, THAI's Chairman of the Board of Directors, with the following results.

1.  Operating Results for November 2011
 
THAI's Board of Directors acknowledged operating results for November 2011 as follows:    Cabin factor for November 2011 averaged 61 percent which was exceptionally weak especially for the peak season.   The decrease in passenger number is attributed to the flooding, whereby a number of countries issued travel advisories to Thailand. Insurance companies refusing to issue travel insurance during the flood further deterred arrivals with many foreigners canceling or postponing their travel plans. Cargo and commercial mail service was also affected in November as a result of the flood.   The Company reduced flight frequencies to better reflect passenger demand, causing Available Seat-Kilometer (ASK) for November 2011 to drop 2.1 percent from the same month last year.   Revenue Passenger-Kilometer (RPK) for November 2011 was 16.8 percent lower than the same month last year.  
 
For the period from January to November 2011, the Company's Available Seat-Kilometer (ASK) was 4.2 percent higher than the same period last year.   Revenue Passenger-Kilometer (RPK) was 0.1 percent higher than the same period last year.   Cabin factor averaged 70.6 percent, which was 3.9 percent lower than the same period last year.
 
Available Dead Load Ton-Kilometers (ADTK) for November 2011 was 12.1 percent lower than the same month the previous year.   Revenue Freight Ton-Kilometers (RFTK) for November 2011 was 20.2 percent lower than the same month last year.   Freight Load Factor for November 2011 averaged 55.2 percent, which was 9.2 percent lower than the same month last year.
 
For the period from January to November 2011, the Available Dead Load Ton-Kilometers (ADTK) was 5.3 percent higher than the same period last year. Revenue Freight Ton-Kilometers (RFTK) was 3.9 percent lower than the same period last year. Freight Load Factor averaged 56.4 percent, which was 8.8 percent lower than the same period last year.
 
2.   Issuance of Debentures that are either Specific and/or Limited Sale to No More than 10 Entities
 
THAI Board approved for the Company to secure long-term funding by issuing approximately 2 billion baht 5-year debentures that will be either specific and/or limited sale to no more than 10 entities.   The funds will be used in the Company's operations, for asset investments, loan repayment, whereby Kasikorn Bank Public Company Limited has been appointed as advisor and lead underwriter

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11 November 2011 - Thai Airways International Public Company Limited (THAI) held its Board of Directors Meeting at Larn Luang Office, which was chaired by Mr. Ampon Kittiampon, THAI's Chairman of the Board of Directors, with the following results.
 
1.  Operating Results for October 2011
 
The THAI Board of Directors acknowledged the operating results for October 2011 as follows:    Cabin Factor for October 2011 averaged 65.8 percent which was lower than usual even though October was the first month of the Thai winter travel season, attributed to the flooding that started at the beginning of September and continuing into October over several provinces, including Bangkok.  
 
This caused a number of countries to issue travel advisories with concern about travel to Thailand, which resulted in travel cancellations or postponement. For THAI, the cargo and commercial mail service in October was also affected.
 
The Company's Available Seat-Kilometer (ASK) for October 2011 was 4.7 percent higher than the same month last year. Revenue Passenger-Kilometer (RPK) for October 2011 was 7.3 percent lower than the same month last year.  
 
For the period from January to October 2011, the Company's Available Seat-Kilometer (ASK) was 4.8 percent higher than the same period last year. Revenue Passenger-Kilometer (RPK) was 1.8 percent higher than the same period last year. Cabin factor averaged 71.5 percent, which was 2.9 percent lower than the same period last year.
 
Available Dead Load Ton-Kilometers (ADTK) for October 2011 was 1.1 percent lower than the same month the previous year. Revenue Freight Ton-Kilometers (RFTK) for October 2011 was 9.7 percent lower than the same month last year. Freight Load Factor for October 2011 averaged 57.1 percent, which was 8.6 percent lower than the same month last year.
 
For the period from January to October 2011, the Available Dead Load Ton-Kilometers (ADTK) was 7.3 percent higher than the same period last year. Revenue Freight Ton-Kilometers (RFTK) was 2 percent lower than the same period last year. Freight Load Factor averaged 56.6 percent, which was 8.7 percent lower than the same period last year.
 
2.   Appointment of Board of Directors
 
THAI Board acknowledged the resignation of the following Board members:
 
1. Mr. Pravich Rattanapian
2. Mr. Varah Sucharitakul
 
and appointed new board members with effect from 11 November 2011 onwards, as follows:
 
1. Mr. Voradej Harnprasert, replacing Mr. Pravich Rattanapian
2. Mr. Chutinant Bhirom Bhakdi, replacing Mr. Varah Sucharitakul

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14 October 2011 – Thai Airways International Public Company Limited (THAI) held a Board of Directors Meeting chaired by Mr. Ampon Kittiampon , THAI Chairman of the Board of Directors, with the following outcome:

1. Operating Results for September 2011 The THAI Board of Directors acknowledged the operating results for September 2011 as follows: Number of passengers for September 2011 was 5.9% higher than in September 2010. Available Seat-Kilometer (ASK) for September 2011 was 5.0% higher than in September 2010. Revenue Passenger-Kilometer (RPK) for September 2011 was 0.7% higher than in September 2010 . Cabin Factor for September 2011 averaged at 70.1% which was 4.1% lower than in September 2010. For period from January to September 2011, the Available Seat Kilometer (ASK) was 4.9% higher than the same period the previous year. The Revenue Passenger Kilometer (RPK) was 2.9% higher than the same period in 2010. The Cabin Factor averaged at 72.2% . Available Dead Load Ton-Kilometers (ADTK) for September 2011 was 0.8% higher than the same period the previous year. Revenue Freight Ton-Kilometers (RFTK) for September 2011 was 8.2% lower than the same period the previous year. Freight Load Factor for September 2011 averaged at 56.6%, which was 9.0% lower than in September 2011. For the period from January to September 2011, the Available Dead Load Ton-Kilometers (ADTK) 8.4% higher than the same period the previous year. Revenue Freight Ton-Kilometers (RFTK) was 0.9% lower than the same period in 2010. Freight Load Factor averaged at 56.6%, which was 8.6% lower than the same period in 2010.

2. Purchase of Nok Air Shares The THAI Board agreed for the Company to buy 10%, or 5 million shares, in Nok Air Company Limited from Krung Thai Bank Public Company Limited at 33 baht per share, totaling 165 million baht. The purchase of Nok Air’s shares will increase THAI’s holding from 39% to 49%, in accordance with the Company’s business plan that allows THAI to determine strategic policies for Nok Air to be a competitive low cost carrier, protecting the market share from other budget and low cost carriers. With 49% shares in Nok Air, THAI will now have five Directors from four previously, out of nine Directors on Nok Air’s Board. THAI Board has appointed Mr. Piyasvasti Amranand, President of Thai Airways International, as a Director on the Nok Air Board of Directors.

3. Reviving Airport Hotel at Suvarnabhumi Airport The Board has agreed for Suvarnabhumi Airport Hotel Company Limited to undergo restructuring under bankruptcy law, to improve its management of Suvarnabhumi Airport Hotel and to resolve its financial situation.

4. Resignation of Board Members THAI’s Board of Directors acknowledged the resignations of two Board members who have tendered their resignations effective from 7 October 2011.

        4.1 Mr. Pravich Rattanapian

        4.2 Mr. Varah Sucharitakul

5. Management Appointments THAI’s Board of Directors approved the appointment below, effective from 14 October 2011.

        5.1 Mrs. Duanpen Teekakul, Director, Network Development Department, as Vice President of Corporate Strategy and Planning Department

THAI Announces Board Meeting Results

Bangkok , 3 October 2011 - Thai Airways International Public Company Limited (THAI) held a Board of Directors Meeting chaired by Mr. Ampon Kittiampon , THAI Chairman of the Board of Directors, with the following outcome.
 
Replacement of Members of the THAI Board of Directors who have resigned
 
The following members of the THAI Board of Directors have tendered their resignations:
 
1.   Mr. Surachai Tansitpong
2.   Mr. Sathit   Limpongpan
3.   Mr. Chaisak Angkasuwan
4.   Mr. Banyong Pongpanich
 
THAI Board of Directors approved of the following appointments to replace the members who have resigned, with effect from 12 October 2011 onward.
 
1.       Mr. Supot Sub-lom replaces Mr. Surachai Tansitpong
2.       Pol. Gen. Preaophan Dhamapong replaces Mr. Sathit   Limpongpan
3.       ACM M.L. Suprija Kamalasana replaces Mr. Chaisak Angkasuwan
4.       Mr. Pradit Sintavanarong replaces Mr. Banyong Pongpanich

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THAI Announces Board Meeting Results

19 August 2011, Thai Airways International Public Company Limited (THAI) held a Board of Directors' Meeting chaired by Mr. Ampon Kittiampon , THAI Chairman, at THAI Head Office with the following announcements.
 
1.  Final presentation of Cabin Interior Design by Priestman Goode (UK)
 
THAI's Board of Directors acknowledged the Onboard Products and Services Improvement project in which the company Priestman Goode (UK) was selected to design the cabin interior of THAI's new aircraft in all classes of service.   The consultation fee was 80 million baht for a four-year contractual basis.   The new interior design in Thai Contemporary Style is aimed at increasing passenger comfort and satisfaction, taking into consideration new onboard products with advanced technology.
 
The design was inspired by the airline's image, business concept and services, including aircraft size (wide- or narrow-body), different kinds of flight operations (short- or long-haul), onboard services of different classes and many other product details, all brought under consideration to enhance THAI's image, services and destinations to maximize the Company's business benefits.
 
The final cabin interior design concept will be used as a basis for future cabin interior design needed on aircraft such as the six Boeing 777-300ER aircraft and the eight Boeing 787 aircraft, which require additional design work on the seats, in the galley and in the lavatories as well as other onboard products.   These newly designed aircraft will join THAI's fleet in 2014.  
 
Besides the cabin interior design, Priestman Goode (UK) will be THAI's advisor in selecting the color and concept of the products used for onboard services, such as pillows, blankets, seat cushions.   Priestman Goode (UK) will also be advisor and designer of THAI's budget airline which will begin operations in mid-2012, utilizing six Airbus A320 to be delivered from 2012-2015.   Preistman Goode (UK) will be developing THAI's new budget airline identity and design the A320 aircraft interior as well as staff/crew uniforms and aircraft livery.
 
Priestman Goode (UK) is a leading global multidisciplinary design consultancy specializing in aviation, transport, environment and product design from the United Kingdom. Together with Priestman Goode (UK), THAI appointed leading professionals and well-known designers in Thailand as honorary consultants and advisors on THAI's aircraft interior design.


2.  Corporate Social Responsibility Committee Charter (CSR)
 
THAI's Board of Directors approved the charter for the Corporate Social Responsibility Committee as follows:
 
2.1   Elements and Qualifications
 
THAI's Board of Directors will set up the CSR Committee, which comprises at least three Directors, who will come from THAI's Board of Directors, with THAI President also as a Director in the Committee.   The Chairman of THAI's Board of Directors will hold the position of Advisor to the CSR Committee.   THAI senior management responsible for CSR will serve as the secretary of the CSR Committee.  
 
2.2   Scope and Authority
 
The Corporate Social Responsibility Committee will provide counseling and guidance in supporting THAI CSR activities.   The Committee shall establish policies and set directives to conduct social responsibility that aims to promote green environment though its Travel Green project.
 
To demonstrate THAI's commitment and dedication, in the area of environmental management concepts and green innovations, THAI will establish the Travel Green project that encourages everyone - shareholders, passengers, business partners and staff to participate in activities that boost environmental conservation and social awareness.
 
The CSR committee will support the charitable activities that benefit the public and community.   The CSR committee will also make a CRS report to the public continuously as well as other activities those assigned by THAI Board of Directors.
 
3.  Business and Investment Plan for THAI Smile Air Business Unit
 
THAI's Board of Directors approved the Business Plan, Investment Plan, and the Organizational Structure of the THAI Smile Air (low-fare airline) Business Unit.   The new Business Unit is an additional part of Thai Airways International and is not an independent company or a new airline.   THAI Smile Air will use the same airline code as THAI for its flights, which is TG.   However, for efficiency in the running of its operations, the new business unit will have its own administration and management.
 
The new business unit will offer light premium services, which is different from low-cost services.   THAI Smile Air is a sub-brand of THAI that aims to differentiate itself to give customers more and new choices, with a modern look and feel, that emphasizes speed of service, and suitable fare pricing.
 
THAI's low-fare airline will operate out of Suvarnabhumi Airport and use the Airbus A320 aircraft, with 174 seating capacity - which is suitable for the secondary route markets that have short-haul routes with 1-2 hour flying time.   This meets the needs of customers who want frequency of flights and schedule that is compatible for connection with THAI flights.
 
Flights will begin in 2012, initially to domestic destinations such as Ubon Ratchathani, Khon Kaen, Chiang Rai, and Surat Thani.   From 2013 onward, it will start international operations to ASEAN countries, China, and India.
 
The new business unit will begin recruiting staff, with selection by the end of 2011.   Ticket sales will start beginning of 2012, and the first flight to commence in July 2012.
 
4.  THAI Smile Air Selected as Name for Business Unit

THAI's Board of Directors approved the Company's low-fare airline business unit, called THAI Smile Air, to purchase products for its operations.   The THAI Board of Directors earlier had invited employees from across the organization to propose a name for the new low-fare airline, receiving 2,229 names from THAI employees in Thailand and overseas.   The selection process consisted of a first round selection by THAI Management; a second round selection by external parties from the field of advertising, public relations, and media; a third round by THAI's Executive Committee.   Based on the concept of Trendy - Friendly - Worthy Travel, 10 names made the final cut, from which the THAI Board of Directors chose THAI Smile Air.
 
5.  THAI Smile Air Business Unit Structure
 
THAI's Board of Directors approved the structure of THAI Smile Air Business Unit that will enable it to be more efficient, customer-oriented, and dynamic.   The low-fare Executive Management business unit, or LEM, will report to the THAI's Executive Board and Board of Directors, like others business units.
 
The low-fare business unit will focus on core activities.   Therefore, the organizational structure will be flat and lean with a Managing Director at the Vice President level.   The main structure in the business unit consists of Low-fare Operations, Distribution and Revenue Management, Marketing Communications and Customer Services, and General Administration.
 
Mr. Woranate Laprabang, Vice President Corporate Strategy and Planning Department, has been appointed as Managing Director, THAI Smile Air Business Unit.

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THAI Announces Board Meeting Results

11 July 2011, Thai Airways International Public Company Limited (THAI) held a Board of Directors’ Meeting chaired by Mr. Ampon Kittiampon, THAI Chairman, at THAI Head Office with the
following announcements.


1. Operating Results for June 2011


The THAI Board of Directors acknowledged the operating results for June 2011 as follows:


Available Seat-Kilometer (ASK) for June 2011 was 7.4
percent higher than in June 2010 and 0.8% lower than in May 2011. Revenue Passenger-Kilometer (RPK) for June 2011 was 8.2% higher than in June 2010 and 5.1 percent higher than in May 2011. Revenue Passenger was 13.5 percent higher than in June 2010. Cabin Factor for June 2011 averaged at 65.8 percent which was 0.8 percent higher than in June 2010 and 6.3 percent higher than in May 2011.


For the 2nd quarter of 2011, the period from April to June 2011, the Available Seat Kilometer (ASK) was 6.7 percent higher than the same period the previous year. The Revenue Passenger Kilometer (RPK) was 9.8
percent higher than the same period in 2010. The Cabin Factor averaged at 66.5 percent, which was 2.9 percent higher than the same period the previous year.


Available Dead Load Ton-Kilometers (ADTK) for June 2011 was 6.3
percent higher than the same period the previous year and 2.6 percent lower than in May 2011. Revenue Freight Ton-Kilometers (RFTK) for June 2011 was 5.6 percent lower than the same period the previous year and 2.5 percent lower than in May 2011. Freight Load Factor for June 2011 averaged at 57.9 percent, which was 10.9% lower than the same month the previous year and 0.2 percent higher
than in May 2011.


Available Dead Load Ton-Kilometers (ADTK) for the 2nd quarter of 2011, the period from April to June 2011 was 11.1
percent higher than the 2nd quarter of 2010. Revenue Freight Ton-Kilometers (RFTK) for the 2nd quarter of 2011 was 0.7 percent lower than the same quarter in 2010. Freight Load Factor for the 2nd quarter of 2011 averaged at 57.9 percent, which was 10.6 percent lower than the same quarter in 2010.


2. Refinancing Loan from Standard Chartered Bank


THAI’s Board of Directors approved the refinancing of Standard Chartered's 5 billion baht loan. Of the 5 billion baht, interest reduction was sought on 3 billion baht in borrowings from Standard Chartered. For the remaining 2 billion baht, a 7-year loan was sought from ICBC BANK totaling 1.5 billion baht with a grace period on principle repayment for the first 2 years. A revolving credit line of 2 billion baht was also given to THAI by ICBC Bank.

 

3. Revision to aircraft decommissioning plan 2011-2017


In accordance with the 11th June 2011 Board-approved Aircraft Acquisition Plan 2011-2017, that included decommissioning some aircraft, THAI’s Board of Directors today approved the revision plan for
decommissioning 50 aircraft during 2011 – 2017:


- Boeing 747-400, 6 aircraft from 2012 – 2013
- Airbus A340-500, 4 aircraft from 2012 – 2013
- Airbus A340-600, 6 aircraft from 2015 – 2017
- Airbus A300-600, 13 aircraft from 2011 – 2015
- Boeing 737-400, 9 aircraft from 2014 – 2015 (includes 4 returning aircraft from NOK Air)
- Boeing 777-300ER, 5 aircraft in 2015 (leasing ends from Jet Airways)
- Boeing 777-200, 2 aircraft in 2017
- Airbus A330-300, 3 aircraft in 2017
- ATR-72, 2 aircraft in 2017 (returning from NOK Air after leasing ends)


In addition, the THAI Board approved to cancel the retrofitting of aircraft seats for Airbus A340-500 and Airbus A340-600, and approved to sell the Airbus A340-500, Airbus A340-600, Airbus A300-600, Airbus A330-300, Boeing 747-400, Boeing 777-200, Boeing 737-400, ATR-72 which are included in the aircraft decommissioning plan. The THAI Board delegated THAI Management to propose the process for selling the aircraft to the Board for approval.


4. Early delivery of Boeing 777-300ER from Jet Airways


THAI’s Board acknowledged the early delivery schedule of Boeing 777-300ER aircraft from Jet Airways (India) Limited (Jet Airways), in order to enable THAI to improve its competitiveness. The delivery schedule has changed from 25 October to 26 July 2011. Starting 1 August 2011 these aircraft will operate three flights weekly on the Bangkok-Madrid route and vice versa.


At the 20th April 2011 board meeting, the THAI board approved the short-term lease of these two Boeing 777-300ER aircraft from Jet Airways (India) Limited (Jet Airways), on a two-year lease agreement. The two aircraft are of the same type with the same in-flight entertainment system, and of the same age, as the previous three aircraft THAI leased from Jet Airways in 2010. Each aircraft is configured with three cabin classes, for a total of 312 seats – eight seats in Royal First Class, 30 seats in Royal Silk Class, and 274 seats in Economy Class

 

5. Management Appointments


THAI’s Board of Directors approved the appointments below.


5.1 Mrs. Wasukarn Visansawatdi, Vice President of Business Development and Special Project Department, as Vice President of Corporate Finance Department during 11 July – 30 September, 2011;
and as Executive Vice President of Finance and Accounting Department, effective from 1 October 2011

 

Effective from 11 July 2011


5.2 Flt. Lt. Sopit Pokasoowan, Vice President of Risk Management Department, as Vice President of the Office of the President
5.3 Mr. Apichart Danaivan, Vice President of General Administration Department, as Vice President of Human Resources Management Department
5.4 Mr. Pichait Riengvattanasuk, Vice President of Corporate Finance Department, as Vice President of Risk Management Department
5.5 Mr. Smith Pirunsarn, Vice President of the Office of the President, as Vice President of the Office of Strategy and Business Development Department
5.6 Ms. Jirapan Siripraiwan, Director of Strategy Development Department, as Vice President of Business Development and Special Project Department
5.7 Mrs. Suvimol Bualerd, Director of Terminal Operations Department, as Vice President of General Administration Department

 

Effective from 1 October 2011

5.8 Mr. Raj Tanta-Nanta, Vice President of Investor Relations  Department, as Vice President of Corporate Finance Department
5.9 Sqn. Ldr. Pongpeera Paisarnkulwong, Mission Commander of Flight Operations Department, as Vice President of Aviation Safety, Security & Standards Department
5.10 Mr. Saroj Yuttatri, Director of Information Technology Operations & Services Department, as Vice President of Information Technology Services Department

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THAI Announces Board Meeting Results

10 June 2011, Thai Airways International Public Company Limited (THAI) held a Board of Directors’ Meeting chaired by Mr. Ampon Kittiampon, THAI Chairman, at THAI Head Office with the following announcements.


1. Operating Results for May 2011


The THAI Board of Directors acknowledged the operating results for May 2011 as follows:


Available Seat-Kilometer (ASK) for May 2011 was 4.3
percent higher than in May 2010. Revenue Passenger-Kilometer (RPK) for May 2011 was 14.1 percent higher than in May 2010. Cabin Factor for May 2011 averaged at 62.0 percent. For the period from January to May 2011, the Available Seat Kilometer (ASK) was 4.1 percent higher than the same period the previous year. The Revenue Passenger Kilometer (RPK) was 1.2 percenthigher than the same period in 2010. The Cabin Factor averaged at 72.4 percent. Available Dead Load Ton-Kilometers (ADTK) for May 2011 was 10.3 percent higher than in May 2010. Revenue Freight Ton-Kilometers (RFTK) for May 2011 was 4.3 percent lower than in May 2010. Freight Load Factor for May 2011 averaged at 58.2 percent, which was 13.1 percent lower than May 2010. Available Dead Load Ton-Kilometers (ADTK) for January to May 2011 was 12.9 percent higher than the same period in 2010. Revenue Freight Ton-Kilometers (RFTK) for January to May 2011 was 4.8 percent higher than the same period in 2010. Freight Load Factor for January to May 2011 averaged at 57.2 percent, which was 7.3 percent lower than the same period in 2010.

 

2. Management Appointment

 

THAI’s Board of Directors approved the appointment below, effective from 1 October 2011.

 

2.1 Mrs. Wasukarn Visansawatdi, Vice President, Business Development and Special Project
Department, as Executive Vice President of Finance and Accounting Department

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THAI Announces Board Meeting Results

20 May 2011, Thai Airways International Public Company Limited (THAI) held a Board of Directors’ Meeting chaired by Mr. Ampon Kittiampon, THAI Chairman, at THAI Head Office with the following announcements.


1. Operating Results for April 2011


The THAI Board of Directors acknowledged the operating results for April 2011 as follows:


Available Seat-Kilometer (ASK) for April 2011 was 8.5
percent higher than in April 2010. Revenue Passenger-Kilometer (RPK) for April 2011 was 8.0 percent higher than in April 2010. Cabin Factor for April 2011 averaged at 71.8 percent. For the period from January to April 2011, the Available Seat Kilometer (ASK) was 4.1 percent higher than the same period the previous year. The Revenue Passenger Kilometer (RPK) was 1.0 percent lower than the same period in 2010. The Cabin Factor averaged at 75.0 percent.


Available Dead Load Ton-Kilometers (ADTK) for April 2011 was 16.8
percent higher than in April 2010.Revenue Freight Ton-Kilometers (RFTK) for April 2011 was 8.8 percent higher than in April 2010. Freight Load Factor for April 2011 averaged at 58.0 percent, which was 7.0 percent lower than April 2010. Available Dead Load Ton-Kilometers (ADTK) for January to April 2011 was 13.6 percent higher than the same period in 2010. Revenue Freight Ton-Kilometers (RFTK) for January to April 2011 was 7.3 percent higher than the same period in 2010. Freight Load Factor for January to April 2011 averaged at 57.0 percent, which was 5.5 percent lower than the same period in 2010.


2. Establishment of Regional Airline


The THAI Board approved the process to establish a THAI regional airline under the THAI subbrand,becoming a new business unit and a part of the THAI management structure. The regional airline is intended to operate under a high efficiency, with flexible and effective management.Establishment of a regional airline is in accordance with the outcome from the November 2010 Board Workshop, when the Company’s corporate strategies for 2011-2017 were developed.


While the regional airline will be a full-service airline, with customers continuing to receive the same benefits such as baggage weight allowance and mileage accrual as they do on THAI, differences in offerings will be available for customer to choose from. The regional airline, with a newer image and price differentiation, will operate more frequencies with 11 narrow body aircraft to short-haul routes that feed into other routes in the intra-region.


The regional airline aims to take advantage of the rapidly increasing number of customers looking for value, as well as to prepare for expanding the market when ASEAN air liberalization takes effect.

 

3. Establishment of THAI Flight Training Academy


The THAI Board approved in principle the establishment of THAI Flight Training Academy for training the increasing number of personnel in the aviation industry. THAI foresees the Academy as an added business entity to the Company’s other business units, as well as to reduce operating costs while maximizing the use of resources.


The Academy, to be named THAI Flight Training Academy, is to be a joint venture between THAI and Wingspan Services Ltd, with THAI controlling 49
percent while Wingspan controlling 51 percent of the authorized capital.


4. Pilot Recruitment


The THAI Board approved an increase to the Pilots’ License Allowance and an increase for insurance coverage, in order to raise the remuneration level to international standard, to resolve the problem of pilots leaving for other airlines.


5. New Cabin Crew Recruitment


The THAI board acknowledged the status report on new cabin crew recruitment. Of the 4,713 online applicants, 2,981 persons turned up to the THAI Laksi Training Center for the physical, weight, height checks and initial screening. There were 2,206 candidates who passed the first stage, of whom 1,050 taking the written test. The next stage is the teamwork interview exercise and the individual
interview at the end of May.

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THAI Announces Board Meeting Results

20 April 2011


20 April 2011, Thai Airways International Public Company Limited (THAI) held a Board of Directors' Meeting chaired by Mr. Ampon Kittiampon , THAI Chairman, at THAI Head Office with the following announcements.
1. Operating Results for March 2011
The THAI Board of Directors acknowledged the operating results for March 2011 as follows:
Available Seat-Kilometer (ASK) for March 2011 was 3.3
percent higher than in March 2010, and was 10 percent higher than in February 2011. Revenue Passenger-Kilometer (RPK) for March 2011 was 4.3 percent lower than in March 2010, and was 3.5 percent higher than in February 2011. Cabin Factor for March 2011 averaged at 73 percent, which was 7.4 percent lower than in March 2010.                                                                                                                                                                                             For the period from January to March 2011, the Available Seat Kilometer (ASK) was 2.8 percent higher than the same period the previous year, and was 0.8 percent lower than Fourth Quarter in 2010. The Revenue Passenger Kilometer (RPK) was 3.5 percent lower than the same period in 2010, and was 2.2 percent higher than Fourth Quarter 2010. The Cabin Factor averaged at 76.1 percent, which was 6.1 percent lower than the same period in 2010, and was 3 percent higher than Fourth Quarter 2010.  
Available Dead Load Ton-Kilometers (ADTK) for March 2011 was 15.8
percent higher than in March 2010, and 16.8 percent higher than February 2011. Revenue Freight Ton-Kilometers (RFTK) for March 2011 was 9.1 percent higher than in March 2010, and was 23.9 percent higher than February 2011. Freight Load Factor for March 2011 averaged at 60.1 percent, which was 6 percent lower than March 2010, and was 6.2 percent higher than February 2011.
Available Dead Load Ton-Kilometers (ADTK) for January to March 2011 was 12.5
percent higher than the same period in 2010, and 4.3 percent lower than Fourth Quarter 2010.   Revenue Freight Ton-Kilometers (RFTK) for January-March 2011 was 7.4 percent higher than the same period in 2010, and 9.9 percent lower than Fourth Quarter 2010.   Freight Load Factor for January -March 2011 averaged at 56.9 percent, which was 4.6 percent lower than the same period in 2010, and was 5.9 percent lower than Fourth Quarter 2010.
2. Passenger Aircraft Conversion to Cargo Freighter
The THAI Board approved Boeing for the aircraft conversion of the two Boeing 747-400 passenger planes into cargo freighters. Boeing will deliver the two converted aircraft to THAI in March and April 2012.
3. Short-term Aircraft Lease
THAI's Board approved the short-term lease of two Boeing 777-300ER aircraft from Jet Airways (India) Limited (Jet Airways). The lease agreement will be valid for two years with the aircraft to be delivered in October and November 2011.
The newly leased aircraft will be in service during the period when two Boeing 747-400 aircraft undergo conversion into freight aircraft, and when other passenger aircraft are undergoing cabin interior retrofitting.
The two, newly approved, Boeing 777-300ER aircraft are of the same type and model, and fitted with the same in-flight entertainment system as the three aircraft that THAI has been leasing from Jet Airways since 2010.   Each leased aircraft is configured with three cabin classes, with a total of 312 seats - eight seats in Royal First Class, 30 seats in Royal Silk Class, and 274 seats in Economy Class.  
4. Bangkok Bank Loan Interest Rate Discount
The THAI Board of Directors acknowledged and approved the results of the negotiation with Bangkok Bank for a further reduction in the interest rate on THAI's 8 billion baht loan.

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THAI Announces Board Meeting Results

11 March 2011


Today, 11 March 2011.  Thai Airways International Public Company Limited (THAI) held a Board of Directors' Meeting chaired by Mr. Ampon Kittiampon, THAI Chairman, at THAI Head Office with the following announcements.
1. Operating Results for February 2011
The THAI Board of Directors acknowledged the operating results for February 2011 as follows:
Available Seat-Kilometer (ASK) for February 2011 was 2.9
percent higher than in February 2010.  Revenue Passenger-Kilometer (RPK) for February 2011 was 2.9 percent lower than in February 2010.  Cabin Factor averaged at 77.7 percent.  Available Dead Load Ton-Kilometers (ADTK) for February 2011 was 9.6 percent higher than in February 2010.  Revenue Freight Ton-Kilometers (RFTK) for February 2011 was 2.4 percent higher than in February 2010.  Freight Load Factor for February 2011 averaged at 56.4 percent, and was 5.0 percent higher than January 2011.
2.  Purchase of Aviation Fuel
THAI's Board of Directors approved the purchasing of approximately 44.69 million gallons of aviation fuel for a contractual period of one year, from 1 April 2011 to 31 March 2012, for the following stations:  Bangkok, Jakarta, Denpasar, Hong Kong, Kuala Lumpur, Penang, Manila, Phnom Penh, Singapore, and Taipei.
3. Fuel Hedging
THAI's Board of Directors acknowledged the situation on jet fuel price fluctuating at approximately USD 130 per barrel due to the increase in jet fuel due to market concerns about the uncertain Middle East situation and irregular cold weather conditions in many parts of Europe, the USA, and the People's Republic of China.  THAI's hedging on jet fuel prices are : 48 percent for Quarter 1/2011 and 44 percent for Quarter 2/2011.
4.  Management Appointments and Transfers
THAI's Board of Directors approved the appointments and transfers below.
4.1 Mr. Bumpen Suppasri, as Vice President, Legal & Compliance Department

4.2 Mr. Krittaphon Chantalitanon, as Vice President, Product & Service Development Department

4.3 Ms. Busaba Sangkawibha, as Vice President, Customer Service Management & Relations Department

4.4 Flight Lieutenant Suraphon Israngura Na Ayuthya, as Managing Director, Catering Department

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THAI Announces Board Meeting Results

25 February 2011

 

25 February 2011, Thai Airways International Public Company Limited (THAI) held a Board of Directors' Meeting chaired by Mr. Ampon Kittiampon, THAI Chairman, at THAI Head Office with the following announcements.

 1.   Operating Results for 2010

The THAI Board of Directors acknowledged the operating results for 2010 year as follows:

From the period beginning January to end of December 2010, THAI successfully implemented the strategic plan to build a solid foundation for the organization's business even though during the year THAI was affected by several key events.   The volcanic eruptions in Iceland in April 2010 caused the European airspace to be closed, affecting THAI's operations to Europe, after which, Thailand faced internal political protests from mid April to May 2010 that impacted travel-related businesses in the country.  Nonetheless, the company's operating profit in 2010 increased from the previous year in 2009, as a result of THAI's intensive business strategy and adjustment to the work plan in proactively reacting to the continuously changing situations, as well as the key events having subsided by the third quarter.
Hence, in 2010 THAI's total revenue was 184.3 billion baht, an increase by 20.4 billion baht from 2009, or an increase of 12.4
percent.  The Company's operating revenue increased by 19 billion baht, or 11.7 percent.  The expenses, which do not include gains/losses on foreign currency exchange, but include sharing of profits of investments by the equity method and finance costs, were 175.9 billion baht which was 16.9 billion baht higher than expenses in 2009, or 10.6 percent higher, due to a higher average price of jet fuel by 26.4 percent.  The increase in production and traffic combined with the higher personnel costs, partly as a result of the Company having implemented the strategy for employee management through the Gold Handshake and Mutual Separation Plan projects, came to a total of 2.3 billion baht, which also included a three-month bonus scheme for 2010 fiscal year.  These costs are not regular operating costs.  This strategy of the Company's human resource management would help to reduce the long-term costs for employees.
In addition, in 2010 THAI had gains on foreign currency exchange of 9.1 billion baht, which was an increase by 5.9 billion baht, or by 187.5
percent.  THAI had a profit before income tax of 17.5 billion baht, which was an increase of 9.4 billion baht, or 116.1 percent.  The company had profits before foreign currency exchange and income tax of 8.4 billion baht, which was an increase of 3.5 billion baht, or 70.4 percent.


The net profit was 15.4 billion baht or 8.39 baht per share, higher than that of 7.3 billion baht or 4.32 baht per share in 2009. EBITDAR was 33.3 billion baht, which was 1.4 billion baht or 4.4
percent higher than the previous year.
 
2.   Operating Results for January 2011
The THAI Board of Directors acknowledged the operating results for January 2011 as follows:
 
Available Seat-Kilometer (ASK) for January 2011 was 2.1
percent higher than in January 2010.  Revenue Passenger-Kilometer (RPK) for January 2011 was 3.1 percent lower than in January 2010.  Cabin Factor averaged at 77.8 percent.


For Cargo and Commercial Mail, Available Dead Load Ton-Kilometers (ADTK) for January 2011 was 11.6
percent higher than in January 2010.  Revenue Freight Ton-Kilometers (RFTK) for January 2011 was 9.9 percent higher than in January 2010.  Freight Load Factor averaged at 53.7 percent.


3.   THAI Shareholder Dividend for 2010

The THAI Board's resolution on the 2010 dividend, for the period 1 January - 31 December 2010, of 1.25 baht per share is to be submitted to the Shareholders at the 2011 Annual General Shareholders Meeting, with the dividend payment being made by 20 May 2011.


4.   2011 Annual General Shareholders Meeting

THAI's Board of Directors approved for the Company to hold its Annual General Shareholders' Meeting on Wednesday, 27 April 2011, at 13.30 hours, at the Makawan Rangsan Room, Royal Army Club, Vibhavadi Rangsit Road.  Shareholders who are entitled to attend the Annual General Shareholders' Meeting will be determined on Tuesday, 15 March 2011 in accordance with Section 225 of the Securities and Exchange Act 1992.  The closing of the Shareholders' Registration book will take effect on Wednesday, 16 March 2011.


5.   Financial Advisors and Underwriters for Thai Baht Debentures
 
THAI's Board of Directors approved the appointment of Bangkok Bank Public Company Limited and Kasikorn Bank Public Company Limited as Financial Advisors and Underwriters for the issuance of 8 billion baht domestic debentures to be issued by May 2011.


6.   Aircraft Acquisition Plan 2011-2022
 
THAI's Board of Directors approved of the following aircraft acquisition plan:

1. Approved the aircraft acquisition plan 2011-2017 for 37 aircraft that include 11 narrow-bodied aircraft, 26 wide-bodied aircraft, for intercontinental and regional routes, and spare engines, at approximately 216.1 billion baht.
  
2. Approved of the aircraft acquisition plan 2018-2022 for 38 wide-bodied aircraft for intercontinental and regional routes, including spare engines, at approximately 241.1 billion baht.  The number of aircraft acquired through firm order is 21 aircraft, and optional order is 17 aircraft.

The acquisition plan 2011-2022 for new aircraft is according to the corporate strategic plan 2011-2017, to support the Company's route network and fleet for improved efficiency, to replace ageing aircraft, and increase fleet size for traffic growth.  This aircraft acquisition investment is an addition to previously approved orders consisting of 26 aircraft awaiting delivery:  five Airbus A330-300 (pending installation of seats by ZIM Company Limited), six Airbus A380-800, seven Airbus A330-300, and eight Boeing 777-300ER; in addition to 21 aircraft to be decommissioned there are eight Airbus A300-600, six Boeing 747-400, three 777-300ER with aircraft leases to expire, and the return of four Boeing 737-400 leased to Nok Air after the lease expires.

The overall goal in this round of aircraft acquisition plan is to modernize THAI's fleet and to have younger aircraft, in line with other commercial airlines.  The average fleet age will be reduced from 11.9 years in 2010 to an average age of 8.5 years in 2017, with improved fleet productivity, reduced jet fuel consumption at an average of 1.3 percent per year, reduced carbon emissions at an average of 1.5 percent per year, and reduced aircraft maintenance costs at an average of 3.2 percent per year.  Most importantly, these new aircraft will be equipped and fitted with new and comfortable seats along with modern in-flight entertainment systems that meet customers' needs.


7.   THAI Freighter Aircraft Plan

THAI's Board of Directors approved THAI's Freighter Aircraft Acquisition Plan to convert two decommissioned Boeing B747-400 aircraft, between 15-20 years, into freighter aircraft for THAI's cargo and commercial mail aircraft fleet by the second quarter of 2012.


8.   THAI to Recruit New Cabin Crews in 2011

THAI's Board of Directors approved the 2011-year recruitment of 468 new cabin crew, comprising 187 male and 281 female cabin attendants.  Of the female cabin attendants, there will be 248 Thais, 28 Japanese and 5 Koreans.

THAI will start the recruitment and selection process for Thai cabin attendants first, starting in March 2011, followed by the recruitment and selection of Japanese and Korean cabin attendants. For more information, please visit www.thaiairways.com.
9.   Reorganization

THAI Board of Directors approved the reorganization at the Executive Vice President level as follows.

1. Product and Customer Services Department, Executive Vice President Level to oversee product development and overall customer services. The Product and Customer Services Department shall ensure all touch points services are efficiently delivered to our passengers, and also seek new opportunities for the Company's business development.

Departments under Product and Customer Services:

1.1        Product and Services Development, Vice President

1.2        Customer Service Management and Relations, Vice President

2. Corporate Secretariat Department, Executive Vice President Level to oversee the Company's legal and corporate governance.  The Corporate Secretariat will coordinate between the Company's shareholders and Board of Directors, and will also ensure that the company's legal, rules and regulations are in compliance with the Securities and Exchange Commission's laws and regulations.

Departments under Corporate Secretariat:

2.1    Legal and Compliance, Vice President

2.2    General Administration, Vice President

3. Human Resource Department, Executive Vice President Level to focus on human resources management and development in accordance with the company's human capital and the organization's effectiveness strategy

Departments under Human Resource Department:

3.1    Human Resources Management, Vice President

3.2    Personnel Development and Training, Vice President
10.   Management Appointments and Transfers


THAI's Board of Directors approved the appointments and transfers below.


10.1    Mr. Niruj Maneepun, Vice President, Legal and Compliance Department, as Executive Vice President, Corporate Secretariat

10.2    Mr. Sathok Varasarin, Managing Director, Catering Department, as Executive Vice President, Human Resources and General Management

10.3    Mr. Teerapol Chotichanapibal, Vice President, Commercial Development and Support Department, as Executive Vice President, Product and Customer Services

10.4    Mr. Danuj Bunnag, Vice President, Market Planning/Revenue Planning Management Department, as Managing Director (Executive Vice President level), Ground Service Business Unit

10.5    Flt. Lt. Sopit Pokasoowan, Special Advisor, Office of the Executive Vice president Strategy & Business Development, as Vice President, Risk Management Department

10.6    Mr. Chalongchai Hiranyalekha, Director Revenue and Market Strategic Planning Department, as Vice President, Market Planning/Revenue Managem

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THAI Announces Board Meeting Results

14 January 2011

14 January 2011, Thai Airways International Public Company Limited (THAI) held a Board of Directors’ Meeting chaired by Mr. Ampon Kittiampon, THAI Chairman, at THAI Head Office with the following announcements:

 

1.   Operating Results for December 2010

The THAI Board of Directors acknowledged the operating results for December 2010 as follows: 

Available Seat-Kilometers (ASK) was 1.6 percent higher than in December 2009 and 4.1 percent higher than in November 2010.  Revenue Passenger-Kilometers (RPK) was 0.5 percent lower than in December 2009 but 9.2 percent higher than in November 2010.  Cabin Factor averaged at 75.3 percent, which was 4.9 percent higher than in November 2010.

From January to December 2010, Available Seat-Kilometers (ASK) was 5.0 percent higher than in 2009.

Revenue Passenger-Kilometers (RPK) was 5.9 percent higher than in 2009. Cabin Factor averaged at 73.7 percent, which was 0.8 percent higher than in 2009.

 

For Cargo and Commercial Mail, Available Dead Load Ton-Kilometers (ADTK) in December 2010 was 11.4 percent higher than in December 2009.  Revenue Freight Ton-Kilometers (RFTK) in December 2010 was 10.8 percent higher than in December 2009.  Freight Load Factor averaged at 58.0 percent.

During January to December 2010, ADTK was 17.2 percent higher than the same period in 2009.  RFTK for January to December 2010 was 38.4 percent higher than the same period in 2009.  Freight Load Factor averaged 61.5 percent, which was 18.0 percent higher than the same period in 2009.

 

2.   Corporate Plan and Long-Term Investment Plan

The THAI Board of Directors approved the corporate plan for aircraft acquisition and aircraft acquisition investment plan 2011-2017, details as follows:

In order to capture the future growth opportunities, the Company’s business strategy in 2011 emphasizes building a competitive edge after it had established a solid organizational foundation last year.  The 2011 business strategy comprises nine main strategies:  Corporate Portfolio Strategy, Customer Value Strategy, Route Network and Fleet Strategy, Commercial Strategy, Corporate Social Responsibility Strategy, IT Strategy, Efficiency, Flight Safety and Fuel Management Strategy, Human Capital and Organization Effectiveness Strategy and Financial Strategy.


Fleet modernization plans between 2011-2017 consist of:

·         Decommissioning 46 aircraft from THAI fleet

·         Delivery of 26 aircraft:  12 Airbus A330-300, eight Boeing 777-300ER, and six Airbus A380-800

·         Acquisition of 37 new aircraft to replace decommissioned aircraft, and to operate increased flight frequencies as a result of business expansion

 

By 2017, the Company will have a fleet of 105 aircraft with the following aspects:

·         Operational efficiency

·         Reduced jet fuel consumption

·         Reduced aircraft maintenance

·         Reduced carbon emissions

 

In accordance with the corporate plan and long-term financial plan, the Company anticipates that its cabin factor will increase equivalent to the industry average (of 5 percent per year), and revenue growth expected to increase by an average of 7-10 percent per year.  At the same time, expenses must be managed by controlling the increased unit cost of non-fuel expenses at an appropriate level to maintain financial strength, with good operating results and profitability, while keeping debt and cash flow at appropriate level.  The goal is to have no less than 15 percent cash flow including available credit per revenue and debt to equity ratio is not more than two times throughout the Corporate plan period.

 

3.   Key Performance Indicators (KPI) for 2011 Operating Results

 

The Board approved the Company’s 2011 KPI as follows:

·         EBITDAR (operating profit before interest, before tax, before depreciation of assets, amortization, and lease of aircraft and aircraft parts)

·         Profits before tax and Profit/Loss from FX

·         Debt Service Coverage Ratio


1.     Non-Financial Indicators to consists of

·         Annual ranking of the airline by independent third parties, which include Business Traveller (Asia Pacific) and Skytrax

·         Customer Satisfaction Survey (IATA GAP) on the Europe-Asia route

·         Percentage of sales through direct channel compared to total ticket sales

·         Number of aircraft in actual availability versus total aircraft in 2011 fleet

·      Success of company strategies being Human Resource Management, IT System, Onboard Product Improvements, Aircraft Acquisition Plan, Financial Plan

 

4.   Revolving Credit Line

 

THAI Board of Directors approved the company to acquire additional Committed Revolving Credit Line from Government Savings Bank for the amount of 7 billion baht, and from CIMB Thai Bank Public Company Limited for the amount of 1 billion baht, according to the terms and conditions.

 

5.   Status on Purchase of Nok Air Shares

 

THAI Board acknowledged the progress of Nok Air share purchase.  The Company’s representative is in negotiation with Krungthai Bank for the purchase of five million shares, at 30 baht per share (totaling 150 million baht).  Should this be agreed to, THAI’s shareholding would increase from 39 percent to 49 percent, enabling the Company to manage Nok Air more efficiently in line with the Company’s corporate strategy.

6.      Management Appointments and Transfers

 

THAI’s Board of Directors approved the appointments and transfers below.

 

Executive Vice President, Human Resources and General Management, as Executive Vice President, Commercial Department

Mr. Apichart Danaivan, Vice President of General Administration Department, and Acting as Executive Vice President, Human Resources and General Management

Flight Lieutenant Kanok Thongpurk, Director, Council of the Board Members/Management Meeting Department, as Vice President, Human Resources Management Department


Appointments 6.1 and 6.2 effective as of 1 February 2011

Appointment 6.3 effective as of 15 January 2011

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