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On May 8, 2020, Korn Chatikavanij, party leader Kla As a former finance minister who had gone through Thai Airways rebuilding work during 2009 and 2010 revealed that …
“Thai Airways must adapt to the New Normal. I agree with the reactivation of Thai Airways to be ‘Leading companies’ in the country, but if it is necessary to carry with tax money The exchange is 1. Thai Airways has to do a great change 2. Existing shareholders and creditors. Must share the burden of damage Tax money to be used Must have rights to all other company funds, “Kon said.
“Before Covid, Thai Airways already had a marginal financial status. Loss of more than ten billion per year despite the expensive ticket. Also, the passenger rate is still good. Partly due to good service standards. But when the world has a crisis We must continue analyzing that What will David be like after him? How much will the number of passengers be reduced? And how will the company have to reduce costs to survive?
Alone, a good service cannot help the company. But it must also have an effective management system, “said the brave party leader
“Financial Reality Today’s status on Thai Airways is known as ‘bankrupt’. Not bad because capital is negative. Cash is negative. (Which, despite the total loan portfolio, is still not enough for purposes next month), so normally If someone puts more money into the company You should ask the same executives, shareholders and creditors as: ‘How will you help with the burden?’
“No one would just give money. Whether it be in the form of stocks, loans, or loan guarantees (especially if the money is public tax),” Korn repeated.
In this regard, Mr. Kon According to the comparison, IATA estimates that the global aviation business revenue will decrease by 55% by 2020 and it will take many more years to recover. More recently, British Airways announced the reduction of 12,000 employees or 30% of the total workforce. SAS plans to cut 5,000 employees. “
“The prime minister said this charge” For the last time, “I look, probably because there is a trend that has criticized the idea of getting a $ 50 billion loan. That if the prime minister really helped You must clearly confirm that all executives, Shareholders and creditors should also help reduce the burden on the company. “
“I would like to give an example in the case of Norway, the government has set the equity to minimum debt ratio at 8% as a condition before the state agrees to guarantee the new debt. Former creditors must agree to convert debt into equity And also, there are conditions for existing shareholders to raise capital first. “
All this, to have a burden. Do not receive tax money without being jointly and severally responsible. This is a very incorrect principle.
“The Prime Minister is well aware that Thai Airways is currently spending more than 10 billion a month (with no income). So if he cannot make money again quickly If there is no capital restructuring AND the credit line of The company’s $ 50 billion will not run out soon, which will become an additional loss of status to no avail. “
“The Prime Minister has been aware of Thai Airways ‘problems for 5 years. He has established a super board to consider Thai Airways’ rehabilitation plan.” And other state companies But nothing improved This faculty still rarely has the opportunity to show its talent “.
“What will be the difference in this end time? Thais are entitled to receive clarification on the Prime Minister’s plans to improve Thai Airways,” Kon said.
The party leader said in a nutshell: “We are all waiting to help. Thai Airways as a loyal customer But as a taxpayer If it is unclear how Thai Airways will rehabilitate The government should not have to bear additional burdens.”
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