Thai Airways board sacks airline president

President is out “because he cannot work with the strategy committee”

Thai Airways’ board has taken the step of sacking its president, Piyasvasti Amranand, because of apparent disagreements over strategy. The decision has been criticised by the airline’s union. Piyasvasti Amranand, a former energy minister, became the airline’s president in October 2009 at a time when the opposition Democrat party was in power. Thai Airways is 51% owned by Thailand’s Finance Ministry.
The airline’s chairman, Ampon Kittiampon, said: “The board has agreed to terminate the president’s contract because he cannot work in unity with the strategy committee.”
Piyasvasti Amranand has been credited with launching cost-cutting measures, including cuts in the salaries of senior executives, and observers say that his dismissal could prevent an early return to profit for the airline. For now, the carrier’s vice president for strategy and business development, Chokchai Panyayong, has been appointed acting president.


Check Also

KrisFlyer, SIA, Singapore Airlines, blockchain, technology, wallet, spend, shopping, retail

SIA creates “blockchain-based loyalty wallet”

Singapore Airlines’ loyalty scheme will launch the “world's first blockchain-based loyalty digital wallet”.

Copenhagen, CPH, airport, Nordic, Stockholm, where, confirm, Air India, dreamliner, 787, new route, Delhi,

Air India to be split up and sold

Debt-heavy flag carrier links Delhi with Scandinavia.

iata, forecast, 20 year, China, USA, world, travel, air, airlines, demand, India, UK, Europe, Indonesia, Asia

Airbus: A380 production may end

But a deal with its biggest customer could still happen

Singapore Airlines, SIA, profit, year, operating, net, revenue, Korean air, quarter, 2016, 2017

Singapore Airlines flight on fire at Changi

Flames erupt from SIA Boeing aircraft on landing

premium economy, seating, SIA, Singapore Airlines, bid, upgrade, auction

SIA starts to auction seat upgrades

New bidding tool available invitation-only

pyjamas, Qantas, Singapore Airlines, premium, first class, luxury

Airlines go to war – over your pyjamas

Carriers battle over the finest exclusive nightwear