Privatisation and spinning

Bangkok post reported, The Thai Airways International union has made clear its stance against privatisation and spinning off potentially profitable units as part of a rescue plan for the ailing national carrier.

Union president Nares Peung-yaem on Friday said the union was determined to oppose any attempt to end the airline as a state enterprise or to shift away any business units.

He made the comment as the union submitted a letter to Prime Minister Prayut Chan-o-cha through Suporn Attawong, an assistant to the PM’s Office minister, at Government House on Friday.

The move took place on the same day that Gen Prayut held talks with ministers on details of a plan to rescue the financially crippled flag carrier. Deputy Prime Minister Anutin Charnveerakul, Transport Minister Saksiam Chidchob and his deputy, Tavorn Saenneam, took part in the talks.