Thai Examiner
Thai Airways boss fired by the board chaired by Finance Ministry chief on Friday over baggage crisis
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Chai Eamsiri’s four-decade Thai Airways career hits a dramatic reversal as he is ousted from command after 10,000 bags pile up. The executive who helped steer THAI from bankruptcy now faces an inquiry amid mounting government pressure.
Key facts
- Thai Airways sheds state enterprise status before court rehabilitation tackles about ฿400 billion of debt
- Chai Eamsiri’s four-decade Thai Airways career hits a dramatic reversal as he is ousted from command after 10,000 bags pile up
- Revenue excluding one-off transactions increased another 16.7% to ฿187.99 billion
- The dramatic boardroom move came barely 16 months after THAI escaped court rehabilitation, ending Chai’s control after he played a central role in its remarkable financial recovery
- Now the 40-year airline veteran faces a fact-finding investigation as director Samrit Samniang takes command
- On May 22, 2020, the Finance Ministry sold 3.2% of THAI to Vayupak Fund 1
Summary
Thai Airways ousted Chief Executive Officer Chai Eamsiri from operational command on Friday after days of chaos stranded thousands of bags, cancelled flights and threatened vital cargo operations at Suvarnabhumi Airport. The dramatic boardroom move came barely 16 months after THAI escaped court rehabilitation, ending Chai’s control after he played a central role in its remarkable financial recovery.
Thai Airways International removed Chief Executive Officer Chai Eamsiri from executive control on Friday after the crippling Suvarnabhumi baggage crisis. The decision followed days of cancellations, stranded luggage, cargo disruption and mounting government pressure. Yet Chai’s fall reaches far beyond an airport breakdown.