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Gestart door Rich, woensdag 7 april 2010, 21:22:11

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tjenn


tjenn

Dit kreeg ik gisteren in mijn mailbox. :negatief: Ik zal achter mijn terugbetaling tickets kunnen fluiten vrees ik.

Chowking


Why don't Thais want to save Thai Airways from coronavirus tailspin?

Thailand's national carrier is seeking a US$1.81 billion loan from the government, but the public is not so keen
Poor performances, financial mismanagement and alleged corruption have weakened trust in what was once the 'pride of the nation'
Jitsiree Thongnoi

Published: 2:00pm, 15 May, 2020

Public opposition is mounting to a rescue package for Thai Airways, as the 60-year-old airline struggles to find an exit route from coronavirus-fuelled financial turbulence.
Like many of its regional counterparts, Thailand's national carrier has been hit by a double whammy of reduced demand due to the Covid-19 pandemic and the culmination of years of competition from low-cost rivals.
In response to the crisis the state enterprise is reportedly seeking a 58.1 billion baht (US$1.81 billion) loan, guaranteed by the Ministry of Finance which owns 51 per cent of the company. However, the rescue plan has not been finalised and Transport Minister Saksayam Chidchob said this week the airline would submit a revised proposal by the end of May. This has raised speculation that it could file for bankruptcy, though Prime Minister Prayuth Chan-ocha has said all rescue options are to be considered first.
Supporters of the plan say it is vital to offset the loss of tourism revenue facing an economy that is already predicted to shrink by more than five per cent this year. The Tourism Authority is predicting between 14 and 16 million foreigners will visit the country in 2020, down from 39.8 million in 2019.
But critics say the company should not rely on taxpayers' money to fix problems that allegedly include mismanagement and corruption.

"The public mindset is that this is not a national carrier, but an organisation that is a burden on our taxes," tweeted one Thai. Another complained that while ordinary Thais had to queue for hours to claim a 5,000 baht cash handout from the government it "tenders the money to Thai Airways unconditionally".
The lack of sympathy, according to opposition MP Sirikanya Tanskul, is rooted in the poor performance of the company, which has reported losses since at least 2017. The MP warned rescuing the carrier threatened "moral hazard".



"Thai Airways used to be the pride of the nation. It used to have such an image that represents Thailand," she said. "But lately we have heard of its problems with corruption and inefficient management and every time the public has to shoulder the financial burden [even] when their trust has deteriorated."


Yutthaporn Issarachai, a political scientist at Sukhothai Thammarat Open University, was of a similar view.
He said an overhaul of the airline should happen only if and when the government reduced its stake in the company, thereby ending its state enterprise status, as this would lessen the risk to the public purse.

"It would increase good governance, transparency and checks, and with a smaller government stake, there would be less political clout in the organisation," he said. "Now when economic hardship caused by the Covid-19 pandemic is a priority issue, Thais do not feel it is so necessary to have a national carrier."
Sirikanya noted that a recent 1.9 trillion-baht (US$58 billion) stimulus package launched to offset the economic impact of the coronavirus had pushed public debt to 57 per cent of GDP. Additional loans to help Thai Airways "could mean that there will be less room left for similar loan packages" in future.
Sirikanya, who belongs to the Move Forward Party, said any rehabilitation plan should be conditional on the airway filing for bankruptcy, thereby freezing its debts.



This is not the first time the company has tried to rehabilitate its business model. In 2015 it attempted a similar process by streamlining operations, routes and its fleet in an effort to offset increasing competition.
Transport Minister Saksayam has said the new plan must provide a clear strategy in how to deal with the coronavirus.
The problems facing the airline hit the headlines when Sumeth Damrongchaitham resigned as company president in March after reportedly failing to get the rehabilitation plan approved.
Citing the pandemic, aerospace company Airbus in April pulled out of an 11 billion baht joint venture to develop a maintenance, repair and overhaul facility at Rayong's U-Tapao Airport.

Link: www.scmp.com/week-asia/economics/article/3084516/why-dont-thais-want-save-thai-airways-coronavirus-tailspin

Chowking

Thai Airways files for bankruptcy protection to rehabilitate its business

By Nophol Techaphangam/ Posted on 20 May, 2020 10:54

The Thai cabinet on Tuesday approved the ailing state enterprise Thai Airways International (THAI) to file for bankruptcy protection at the Central Bankruptcy Court to rehabilitate its business in the face of Covid-19 disruptions, evaporating liquidity and insurmountable debt, ending all possibility that the airline will receive any financial assistance from the government.

THAI will also file for Chapter 11 in the US.

THAI will stick to its scheduled resumption of passengers flights after June 30
The bankruptcy court will oversee the rehabilitation process and appoint an administrator with the consent of THAI's creditors. The decision will help the flag carrier avert bankruptcy and save it from furloughing its entire workforce of over 20,000.

However, as the Ministry of Finance, THAI's largest shareholder, will reduce its stake in the airline from the current 51 per cent to below 50 per cent to transform THAI into a limited company, THAI staff will no longer be protected by the State Enterprise Labor Relations Act. Given the airline's cripplingly low employee productivity compared with other leading regional flag carriers, the action may lead to a 25 per cent dismissal of its workforce by 2022 as THAI seeks a new path toward profitability.

The bankruptcy protection may also empower THAI to delay its 150 billion baht (US$4.7 billion) purchase of 38 new airplanes from Boeing, negotiate for debt cuts, convert its debt into equity, minimise costly sale of tickets through traditional travel agents, and replace its board of directors – currently filled with civil servants and air force generals – with professional, seasoned business executives.

Despite the process now in play, acting THAI president Chakkrit Parapuntakul on Tuesday issued a press release clarifying that the airline will continue operating as permitted by the ongoing Covid-19 restrictions. THAI is currently scheduled to resume flying passengers after June 30.

THAI has been loss-making every year since 2013, except in 2016 when a small profit of 15 million baht was reported. According to its latest financial report, the airline's assets amounted to 257 billion baht at the end of last year while its total liabilities were 245 billion baht. Its current liabilities of 84.4 billion baht far exceed its current assets of 49.5 billion baht, hindering its debt servicing ability. Its debt-to-equity ratio stood at the calamitous 21:1.

THAI's shareholders' equity, valued at 11 billion baht at the end of 2019, is now decimated by the projected loss of 18 billion baht in the first half of this year, reports the Bangkok post.

Following this landmark cabinet's decision that ended months of speculation and years of ineffective business rehabilitation plans, THAI stock has jumped by more than 14 per cent, a reversal of a decline of more than 89 per cent since a peak in May 2013.

Link bericht :www.ttgasia.com/2020/05/20/thai-airways-files-for-bankruptcy-protection-to-rehabilitate-its-business/

Chowking

NAIA Terminal 3 to resume international flights Wednesday


ABS-CBN News
Posted at Jul 05 2020 09:17 AM


MANILA - International flight operations at the Terminal 3 of the Ninoy Aquino International Airport, the Philippines' main gateway, will resume Wednesday, authorities said Sunday as the country further eased coronavirus-related restrictions.

The following airlines which were earlier relocated to NAIA Terminal 1 will be returned to Terminal 3, the Manila International Airport Authority (MIAA) said:

- All Nippon Airways (ANA)
- Air Asia Berhad (AK)
- Cathay Pacific (CX)
- Emirates (EK)
- KLM Royal Dutch Airlines (KLM)
- Qatar Airways (QR)
- Singapore Airlines (SQ)
- Turkish Airlines (TK)

NAIA Terminal 2 will remain to service international arrival flights of Philippine Airlines while the flag carrier's departures will operate from Terminal 1.

Airlines assigned in NAIA Terminal 1 will remain operations there, while Terminal 4 will stay closed until further notice, MIAA said.

Below are the airlines operating at Terminal 1:

- Air China (CA)
- Air Niugini (PX)
- Asiana Airlines (OZ)
- China Airlines (CI)
- China Eastern (MU)
- China Southern (CZ)
- Etihad Airways (EY)
- Eva Air (BR)
- Ethiopian Airlines (ET)
- Gulf Air (GF)
- Hong Kong Airlines
- Japan Airlines (JL)
- Jeju Air (7C)
- Jetstar Asia (3K)
- Jetstar Japan (GK)
- Korean Airlines (KE)
- Kuwait Airways (KU)
- Malaysian Airlines (MH)
- Oman Air (WY)
- Royal Brunei Airlines (BI)
- Saudi Airlines (SV)
- Scoot (TR)
- Thai Airways (TG)
- Xiamen Air

Authorities advised the public to constantly check airline websites for announcements. They may contact the MIAA through its Facebook page, or its hotlines 0917-8396242, 0918-8396242, and 8877-1111 for further assistance.

The Philippines had restricted international travel since March to prevent the spread of the COVID-19 pandemic. Only returning Filipino citizens and their families, Filipino migrant workers, permanent residents, and diplomats are allowed to enter the Philippines.

Foreign nationals stuck in the Philippines are free to leave the country.

Bron: www.news.abs-cbn.com

news.abs-cbn.com/business/07/05/20/naia-terminal-3-to-resume-international-flights-wednesday?fbclid=IwAR3PlFWt9ax5BX9eB-UySjFnav5FRvZ5sjT1gsJoCBwtUH3nWiOgYzhvbyg

Chowking

THAI AIRWAYS PAS IN SEPTEMBER WEER VANAF BRUSSEL

8 juli 2020 - 18:27 | Door: onze redactie |

BANGKOK - Thai Airways vliegt pas vanaf 1 september weer vanaf Brussels Airport naar Bangkok. De hervatting van de route komt daarmee bijna een maand later dan tot nu toe gecommuniceerd door de Thaise luchtvaartmaatschappij.

Tot nu toe was het plan dat de route Brussel-Bangkok op 2 augustus hervat zou worden. Thai meldt donderdag dat dit pas op 1 september het geval zal zijn en wel met drie vluchten per week, tot 25 oktober. Gevlogen wordt op dinsdag, vrijdag en zondag.

Vanwege de uitbraak van het coronavirus heeft Thai de internationale vluchtuitvoering al maandenlang zo goed als opgeschort. Sinds 1 juli heeft de Thaise regering een ban op internationale vluchten deels opgeheven.

In de juli-editie van Luchtvaartnieuws Magazine staat een uitgebreid overzicht van alle routes die deze zomer vanaf Belgische luchthavens gevlogen worden. Klik hier voor een voordelig abonnement.

bron: www.luchtvaartnieuws.nl/nieuws/categorie/2/airlines/thai-airways-pas-in-september-weer-vanaf-brussel

tjenn

Nice, nu nog de deuren open van de Filipijnen zonder de zever van verplichte quarantaine en we kunnen terug beginnen te plannen. Maar wanneer gaat het terug goed komen dat we vrij kunnen reizen zonder al teveel verplichtingen dit jaar niet meer vrees ik. Ik begin mijn tweede thuis te missen.

Antonio

Citaat van: tjenn op donderdag  9 juli 2020, 14:09:48
Nice, nu nog de deuren open van de Filipijnen zonder de zever van verplichte quarantaine en we kunnen terug beginnen te plannen. Maar wanneer gaat het terug goed komen dat we vrij kunnen reizen zonder al teveel verplichtingen dit jaar niet meer vrees ik. Ik begin mijn tweede thuis te missen.

Wat mij betreft gaat het niet zo zeer over verplichtingen, maar meer over gezondheidsrisico's.
Die quarantaine regels zijn er niet om buitenlanders te pesten, maar om virus uitbraak te voorkomen.
Ik ben nu in de Filippijnen, mag al 4 maanden niet buitenshuis (60+ regel).
Maar naar NL vliegen ga ik voorlopig ook niet doen. Urenlang op elkaar gepakt in een vliegtuig met een maskertje op, brrrr... Dat mogen anderen eerst uitproberen.
Ondanks de liquor ban heb ik een bier aan huis leverancier, dus het is steeds beter vol te houden   :fles:  :yupi:
Als je achteraf alles vooraf anders doet als dat je gedaan zou hebben blijft het resultaat hetzelfde

tjenn

Dat bedoel ik nu dat uren vliegen met mondmasker en bij aankomst nog is in quarantaine enz.... Weet ook wel dat het is om gezondheidsrisico's hoop alleen dat het virus vlug zal verdwijnen en we terug normaal kunnen reizen en leven.  :negatief:

stijn54

In europa kan je terug reizen. Waarom testen ze dit nu niet uit? Neem nu 10 vliegtuigen naar verschillende locaties en laat deze reizigers testen voor vertrek en volg deze reizigers en bij hun terug reis terug een test dan heb je toch een meer realistischer beeld dan nu. Kosten te betalen door de staat. :daag: