Put Thais before THAI
I fully agree with Chartchai Parasuk in his June 18 article that "Thai Airways will require 100 billion baht to make up for past and future losses. Without an initial cash bailout, it is almost pointless to discuss business restructuring.
But who will provide such a large amount of cash to THAI? The company is no longer a state enterprise and asking for the government's help is out of the question (emphasis mine).
Before helping THAI, we should take care of the many million low-income Thais severely damaged by Covid-19, which "has hit Thailand's economy harder than any event in the last six decades, with ...10 million jobs lost" (source: University of the Thai Chamber of Commerce).
Prime Minister Prayut Chan-o-cha's 1.9-trillion-baht relief package to stimulate our recovery will place a heavy burden on taxpayers like you and me -- and nobody's claiming that even this will make us competitive against, say, Vietnam, whose annual GDP growth has been at least double ours.
The article makes clear that there's no business case to be made for restructuring THAI. But there's no national interest case, either. In Wuhan, the UK, etc chartered private airlines to ferry their nationals out -- as we did, using Air Asia.
THAI has done non-profit-oriented service for Thailand before, as during the 2004 tsunami, THAI ferried foreign nationals, mostly passport-less, back home, without regard to ability to pay. That was indeed praiseworthy of THAI -- but we shouldn't use taxpayer money to sustain a costly carrier year after year for that.
Put Thais before THAI. Restore our poor countrymen back to economic prosperity first.
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