21 January 2025 - The Central Bankruptcy Court has scheduled a hearing with respect to three petitions to amend the Business Rehabilitation Plan of Thai Airways International Public Company Limited, which consist of (1) the petition to amend the Business Rehabilitation Plan to empower the plan administrators to carry out a capital decrease by reducing the par value of the shares to make up for accumulated losses; (2) the petition to amend the Business Rehabilitation Plan to incorporate an explicit provision that if the Company pays dividends to shareholders in the future, it is eligible to use excess cash flow to pay those dividends, provided that the creditors under the Business Rehabilitation Plan shall receive an early debt repayment in an amount not less than the dividend payout proposed to the shareholders at that time; and (3) the petition to amend the Business Rehabilitation Plan to add two new plan administrators.

The Central Bankruptcy Court considered that the capital decrease by reducing the par value of shares to make up for accumulated losses and such proceeding does not affect the creditors' rights to receive debt payments under the Business Rehabilitation Plan, utilization of excess cash flow for dividend payout and early debt repayment in the event of dividend payment. The plan administrators have the authority to perform within the scope of the authority as per the Business Rehabilitation Plan. Regarding the addition of two plan administrators, there is no necessity to amend the Business Rehabilitation Plan in order to ensure the Company's successful rehabilitation.

25 February 2025 –To comply with Clause 5.6.8 of the Business Rehabilitation Plan, stipulating that prior to the Company submits a petition to the Central Bankruptcy Court to report the successful implementation of the Business Rehabilitation Plan and request for the cancellation of the Business Rehabilitation, the plan administrators must convene a shareholders’ meeting to consider matters as specified in the Business Rehabilitation Plan. In this regard, the plan administrators’ meeting No. 6/2025, held on 25 February 2025, approved the calling and scheduling of the Extraodinary General Meeting of Shareholders No. 1/2025, held in accordance with the provision under the Business Rehabilitation Plan on Friday 18 April 2025, at 13.00 hrs. in the form of an electronic meeting (E- Meeting) only.

5 March 2025 - The Company has completed the registration of the decrease of capital by reducing par value of shares of the company with the Department of Business Development, Ministry of Commerce. After the registration of the decrease of capital, as such capital reduction does not affect the number of shares in the Company held by each shareholder.

18 April 2025 - The Extraordinary General Meeting of Shareholders No. 1/2025, held in accordance with the Business Rehabilitation Plan, resolved to approve the Company's Board of Directors to consist of 11 directors and to appoint eight new directors. Therefore, the board of directors of the Company will consist of three existing directors and new eight directors as follows:

1. Mr. Piyasvasti Amranand (Director)

2. Mr. Chansin Treenuchagron (Director)

3. Air Chief Marshal Amnart Jeeramaneemai (Independent Director)

4. Mr. Lavaron Sangsnit (New Director)

5. Dr. Kulaya Tantitemit (New Director)

6. Mr. Chakree Bamrungwong (New Director)

7. Police General Thatchai Pitaneelaboot (New Director)

8. Mr. Naprakorn Thanasuvankasem (New Independent Director)

9. Mr. Yanyong Detpiratmongkol (New Independent Director)

10. Mr. Sumrid Sumneing (New Independent Director)

11. Mr. Chai Eamsiri (Who is the Company’s Chief Executive Officer) (New Director)

28 April 2025 – The Company submitted a petition to the Central Bankruptcy Court to report the successful implementation of the Business Rehabilitation Plan and request for the termination of the business rehabilitation process.

8 May 2025 – The Company completed the restructuring of its aviation business group by transferring all flight operations and services from Thai Smile Airways Company Limited to Thai Airways International Public Company Limited.

The plan administrator's meeting of the Company No. 14/2025, held on 8 May 2025, resolved to approve proceeding with the legal process for the dissolution of Thai Smile, a subsidiary of the Company. Thai Smile has completed the registration of dissolution with the Department of Business Development, Ministry of Commerce, on 5 June 2025. The dissolution of this subsidiary will not affect the Company’s operations in any way. The Company will proceed with the legal procedures and liquidation of Thai Smile accordingly.


16 June 2025 – The Central Bankruptcy Court has issued an order to terminate the Company’s business rehabilitation process. As a result of this order, the authority of the Plan Administrators to manage the Company’s business and assets has ceased. The Company’s Board of Directors, comprising:

1. Mr. Piyasvasti Amranand

2. Mr. Chansin Treenuchagron

3. Air Chief Marshal Amnart Jeeramaneemai

4. Mr. Lavaron Sangsnit

5. Dr. Kulaya Tantitemit

6. Mr. Chakree Bamrungwong

7. Police General Thatchai Pitaneelaboot

8. Mr. Naprakorn Thanasuvankasem

9. Mr. Yanyong Detpiratmongkol

10. Mr. Sumrid Sumneing

11. Mr. Chai Eamsiri

shall resume full authority and responsibility for managing the Company’s business and assets and The Company’s shareholders shall regain their legal rights in accordance with Sections 90/75 (1) and (2) of the Bankruptcy Act B.E. 2483 (1940).

The meeting of the Company’s Board of Directors, No. 1/2025, held on 16 June 2025, approved key matters summarized as follows:

1. Approved the appointment of Mr. Lavaron Sangsnit as Chairman of the Board.

2. Approved the appointment of Audit Committee comprising of Independent Directors as follows:

            2.1 Mr. Yanyong Detpiratmongkol  

                  Audit Committee Chairman

            2.2 Air Chief Marshal Amnart Jeeramaneemai

                  Audit Committee Member

            2.3 Mr. Sumrid Sumneing

                  Audit Committee Member

3. Approved the appointment of the Nomination and Remuneration Committee as follows:

            3.1 Dr. Kulaya Tantitemit

                  Nomination and Remuneration Committee Chairman

            3.2 Police General Thatchai Pitaneelaboot

                  Nomination and Remuneration Committee Member

            3.3 Mr. Chakree Bamrungwong

                  Nomination and Remuneration Committee Member

4. Approved the designation of an additional authorized director to sign and bind the company.

29 November 2024 - The Company implemented its Business Rehabilitation Plan by allocating newly issued ordinary shares and registering the paid-up capital increase with the Department of Business Development, Ministry of Commerce.

20 December 2024 - The Company implemented its Business Rehabilitation Plan by allocating newly issued ordinary shares to its existing shareholders and registering the paid-up capital increase with the Department of Business Development, Ministry of Commerce.

23 December 2024 - The Company registered a reduction of its registered capital with the Department of Business Development, Ministry of Commerce, by cancelling unissued shares originally allocated for the debt-to-equity conversion and share offering under the Business Rehabilitation Plan.
17 May 2023 - The meeting of the committee of creditors issued a resolution to approve the Company to restructure its aviation business. After the restructuring, the Company would manage the operations, fleet and schedule planning, and route networks of both the Company and Thai Smile. This would result in agility and strength in the conduct of business. The operations and services of Thai Smile have been transferred to THAI since January 2024.
20 October 2022 - The Central Bankruptcy Court issued an order to approve of the request to amend the Business Rehabilitation Plan. On 21 October 2022 Mr. Kraisorn Barameeauychai and Mr. Siri Jirapongphan resigned from their positions as Plan Administrators. The three remaining Plan Administrators namely Mr. Piyasvasti Amranand, Mr. Pornchai Thiraveja and Mr. Chansin Treenuchagron were allowed to exercise their authorities as the Plan Administrators as per Section 90/65 (6) of the Bankruptcy Act B.E. 2483 (1940) and Item No. 10.6 (2) of the Business Rehabilitation Plan.

14 December 2022 - The Company registered to increase their capital with the Public Company Registrar, Department of Business Development, Ministry of Commerce, as stipulated in clause 5.6 of the Company's amended Business Rehabilitation Plan to increase their registered capital and filed for the amendment of Item No. 4 of the Memorandum of Association to be consistent with the increase.
 

15 June 2021 - The Central Bankruptcy Court issued an order to approve the Business Rehabilitation Plan and the amended Plan, whereby the following persons were appointed as Plan Administrators:
 

1. Mr. Piyasvasti Amranand

2. Mr. Pornchai Thiraveja

3. Mr. Kraisorn Barameeauychai

4. Mr. Siri Jirapongphan

5. Mr. Chansin Treenuchagron

22 May 2020 - Ministry of Finance reduced its shareholding proportion in the Company to lower than 50 percent of the total shares issued and paid up. The Ministry sold 3.2 percent of the shares to VAYUPAK FUND 1. Ministry of Finance still retains its position as a major shareholder of the Company and holds 47.9 percent of shares. Following the reduction of the Ministry of Finance’s shareholding, the Company is not a state enterprise.

26 May 2020 - The Company filed a petition for Business Rehabilitation with the Bankruptcy Court following the spread of Coronavirus 2019 (COVID-19). The aviation industry was directly affected, leading the Company to significantly reduce its business operations. These disruptions resulted in substantial revenue loss and insufficient liquidity, requiring the Company to enter the business rehabilitation process.

14 September 2020 - the Central Bankruptcy Court issued an order to rehabilitate the business of THAI and appointed the Plan Administrators as follows:

1. Air Chief Marshal Chaiyapruk Didyasarin

2. Mr. Chakkrit Parapuntakul

3. Mr. Pirapan Saliarathavibhaga

4. Mr. Boontuck Wungcharoen

5. Mr. Piyasvasti Amaranand

6. Mr. Chansin Treenuchagron

7. EY Corporate Advisory Services Company Limite

11 June 2013 - The Company introduced a new Royal Orchid Plus mileage system to replace the former platform, with the goal of modernizing the program and enhancing the quality of services provided to its members.

17 October 2013 - The Company established Thai Smile Airways Company Limited. The Company held 100 percent of the shares. The airlines started its operations on 10 April 2014 with the airline code WE.
28 September 2006 - The Company relocated its operations base from Don Mueang Airport to Suvarnabhumi Airport in order to increase production capacity and enhance operational efficiency.
14 May 1997 - The Company, in collaboration with Air Canada, Lufthansa, Scandinavian Airlines System, and United Airlines, established Star Alliance - the world's first airline alliance network.
19 July 1991 - The Company listed its shares in the Stock Exchange of Thailand as Thai Airways International Public Company Limited.
1 April 1988 - Due to the merger between TAC and the Company, in accordance with the economic cabinet resolution, the Company's registered capital rose to THB 2,230. The Ministry of Finance became a major shareholder.
30 March 1977 - SAS transferred all shares it held to TAC. Its capital was increased by having the Ministry of Finance as a shareholder.
The Royal Thai Government established a joint venture between Thai Airways Company (TAC) and Scandinavian Airlines System (SAS) to operate international air services as Thai Airways International Company Limited using the airline code TG. On 29 March 1960, the Company registered as a Limited Company with the registered capital of THB 2 million with TAC holding 70 percent of shares and SAS holding 30 percent of shares in the registered capital.

1 MAY 1960 The Company commenced its first commercial flight operations from Bangkok to Hong Kong, Taiwan, and Tokyo.
2025 2024 2023 2022 2021 2020 2013 2006 1997 1991 1988 1977 1960