Struggling Thai Airways to take drastic measures – will offload 42 jets and slash workforce by a third
Founded in 1961, the flag-carrying airline Thai Airways International Public Company Limited (Thai Airways) has remained virtually unprofitable for the best part of a decade. The ailing carrier is now taking drastic measures to turn round the company’s fortunes by selling off 42 less-fuel-efficient aircraft, 16 aircraft which are on lease will also be returned, …