Bangkok--14 Oct--Thai Airways
Thai Airways International Public Company Limited (THAI) held a Board of Directors Meeting chaired by Mr. Ampon Kittiampon, THAI Chairman of the Board of Directors, with the following outcome.
1. Operating Results for September 2011
The THAI Board of Directors acknowledged the operating results for September 2011 as follows:
Number of passengers for September 2011 was 5.9% higher than in September 2010. Available Seat-Kilometer (ASK) for September 2011 was 5.0% higher than in September 2010. Revenue Passenger-Kilometer (RPK) for September 2011 was 0.7% higher than in September 2010. Cabin Factor for September 2011 averaged at 70.1% which was 4.1% lower than in September 2010.
For period from January to September 2011, the Available Seat Kilometer (ASK) was 4.9% higher than the same period the previous year. The Revenue Passenger Kilometer (RPK) was 2.9% higher than the same period in 2010. The Cabin Factor averaged at 72.2%.
Available Dead Load Ton-Kilometers (ADTK) for September 2011 was 0.8% higher than the same period the previous year. Revenue Freight Ton-Kilometers (RFTK) for September 2011 was 8.2% lower than the same period the previous year. Freight Load Factor for September 2011 averaged at 56.6%, which was 9.0% lower than in September 2011.
For the period from January to September 2011, the Available Dead Load Ton-Kilometers (ADTK) 8.4% higher than the same period the previous year. Revenue Freight Ton-Kilometers (RFTK) was 0.9% lower than the same period in 2010. Freight Load Factor averaged at 56.6%, which was 8.6% lower than the same period in 2010.
2. Purchase of Nok Air Shares
The THAI Board agreed for the Company to buy 10%, or 5 million shares, in Nok Air Company Limited from Krung Thai Bank Public Company Limited at 33 baht per share, totaling 165 million baht. The purchase of Nok Air’s shares will increase THAI’s holding from 39% to 49%, in accordance with the Company’s business plan that allows THAI to determine strategic policies for Nok Air to be a competitive low cost carrier, protecting the market share from other budget and low cost carriers.
With 49% shares in Nok Air, THAI will now have five Directors from four previously, out of nine Directors on Nok Air’s Board. THAI Board has appointed Mr. Piyasvasti Amranand, President of Thai Airways International, as a Director on the Nok Air Board of Directors.
3. Reviving Airport Hotel at Suvarnabhumi Airport
The Board has agreed for Suvarnabhumi Airport Hotel Company Limited to undergo restructuring under bankruptcy law, to improve its management of Suvarnabhumi Airport Hotel and to resolve its financial situation.
4. Resignation of Board Members
THAI’s Board of Directors acknowledged the resignations of two Board members who have tendered their resignations effective from 7 October 2011.
4.1 Mr. Pravich Rattanapian
4.2 Mr. Varah Sucharitakul
5. Management Appointments
THAI’s Board of Directors approved the appointment below, effective from 14 October 2011.
5.1 Mrs. Duanpen Teekakul, Director, Network Development Department, as Vice President of Corporate Strategy and Planning Department