Piyasvasti Amranand News
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Prices for Boeing Co. 747-400s, the most popular wide-body plane, are tumbling as carriers rush to replace what were once their flagship aircraft with newer and more fuel-efficient models.
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Thai Airways International Pcl’s outgoing chief executive officer said the carrier may “easily” achieve this year’s 6 billion-baht ($188 million) profit target, after the company fired him saying communication problems were hampering efforts to meet the goal.
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Malaysian Airline System Bhd. has taken a 5-inch lead over Singapore Airlines Ltd.
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Thai Airways International Pcl Chief Executive Officer Piyasvasti Amranand thought his annual review went well. That didn’t stop the board from firing him.
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Shares of the following companies may have unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the close yesterday.
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Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the close in Bangkok. The SET Index fell for a second day, dropping 1.7 percent to 1,135.16, the lowest close since Feb. 27.
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Thai Airways International Pcl , the nation’s largest carrier, will probably report a second-quarter loss similar to last year’s level after anti-government protests in Bangkok kept travelers away.
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Thai Airways International Pcl plans to order 37 new aircraft to replace aging planes and expand routes, President Piyasvasti Amranand said.
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Qantas Airways Ltd., Australia’s largest airline, said a closure of European airspace caused by volcanic ash was costing as much as A$1.5 million ($1.4 million) a day as it helped out stranded passengers.
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Thai Airways International Pcl , Thailand’s largest carrier, said economy-class bookings are lagging behind corporate travel because deadly anti-government riots in April triggered a canceling of conferences.
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