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“Advancing” issued a statement objecting to the transportation of Thai Airways He pointed out that the country is facing a crisis The use of UDD taxes without responsibility is inappropriate. Reveals that the actual limit may be greater than 1.34 billion – invite Thais to review Is National Airlines still required?
On May 11, the Progress Party issued a statement in opposition to the State Business Policy Committee (ROR), headed by Prime Minister Gen Prayut Chan-ocha. It approved the Ministry of Finance by guaranteeing short-term liquidity loans of 54 billion baht to Thai Airways International Plc. And the news reports that Thai Airways’ rehabilitation plan will be proposed to Cabinet for approval on May 12.
With a statement indicating that the party has advanced that in the situation that the country is experiencing a crisis. The irresponsible and irresponsible use of large amounts of tax money by people is inappropriate. Spending real money That will be used in Thai Airways’ rehabilitation plan for at least 134 billion baht Not just a loan guarantee of 54 billion baht. Because as shown in media reports, there are plans to increase capital by 80 billion baht.
“Even airlines around the world are facing the Covid-19 crisis. But there is no leader in any country or government in the world that decides to use public funds to help airlines before they can clearly agree on the terms of attendance Thai Airways has always failed in management Continuous losses for 3 years since the covid-19 virus outbreak Cause society to wonder if running this round of Thai Airways will be a huge waste of money for people to use or not? “
The statement says that if Thai Airways assistance requires at least 134 billion baht. The Progress Party urges the government to reveal a detailed reconstruction plan for Thai Airways before its approval. For tax holders to consider first. We found that the rehabilitation plan is no different from Thai Airways’ reform plan in 2015 that has already failed. I can’t believe that Thai Airways can successfully restructure
“If the previous news reports come from Thai Airways’ rehabilitation plan, we can’t believe that.” This is the last help, “in the Prime Minister’s words. And the money to transport Thai Airways will definitely exceed 134 billion baht.”
The statement also states that Thai Airways’ market value is currently only 15 billion baht. If you use an emergency loan of 54 billion baht, you must maximize the benefit. And you must confirm the right to a full refund. Meanwhile, negotiations must be held with creditors to convert part of the debt into equity. At the same time, former Thai Airways executives have to resign to show responsibility and allow professional managers to replace the network of military authority and Official.
Thereafter, it’s time to review that. Do we still need a national airline? And how well Thai Airways has performed the duties of the national airline. How can people and countries benefit from Thai Airways? In the past, Thai Airways was only a source of benefits for the network of military officers and officials based on the people’s tax base.
“The first option if we will no longer have a national airline. Conditions are needed for the liberalization of airspace to create competition that benefits consumers. As for the rest, it is important to have a professional bankruptcy recovery professional in the recovery period. Before selling some shares back to the private sector when the rehabilitation is complete, what should be the proportion of shares to be sold to the private sector? After this crisis, will the state have a majority stake in Thai Airways? If it owns a majority, the proportion will continue to be greater or less than 50% “.
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