Thai Air­ways aims to be ‘safest air­line’ in Asia-Pa­cific

The China Post - - WORLD BUSINESS - BY SUCHAT SRITAMA

Thai Air­ways In­ter­na­tional Plc. Pres­i­dent Charam­porn Jotikasthira yes­ter­day said the air­line aims to be the safest car­rier in the Asi­aPa­cific re­gion within this year.

The air­line is now run­ning in­ter­nal au­dit pro­ce­dure in the wake of safety is­sues raised by the In­ter­na­tional Civil Avi­a­tion Or­gan­i­sa­tion.

The air­line also planned to ask a third party — the same group that cer­ti­fied air­line mem­bers of Star Al­liance — to take part in safety au­dit at THAI.

“If we pass this au­dit pro­ce­dure, the air­line should not worry about se­cu­rity checks by any avi­a­tion author­ity,” he said.

THAI is set to sus­pend div­i­dend pay­ments ow­ing to huge losses last year, but in­sisted that its fi­nan­cial sta­tus and per­for­mance would im­prove this year.

Charam­porn said yes­ter­day’s share­holder meet­ing ap­proved the com­pany’s pro­posal not to pay div­i­dend to share­hold­ers this year, as the com­pany made a net loss of 15 bil­lion baht (US$42.34 mil­lion) in 2014.

The air­line said the de­ci­sion was in ac­cor­dance with its pol­icy to dis­trib­ute div­i­dends of no less than 25 per­cent of con­sol­i­dated net profit gain or loss on for­eign ex­change as well as sub­ject to fu­ture in­vest­ments.

Charam­porn said the air­line’s fi­nan­cial sta­tus and per­for­mance would im­prove this year as the av­er­age load fac­tor had al­ready im­proved to 76 per­cent in the sec­ond quar­ter.

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