Tag Archives: 747-4D7

Thai Airways to axe 1,500 jobs this year, hopes to return to profitability by the fourth quarter

Thai Airways International (Bangkok) meanwhile expects to cut 1,500 jobs this year as it expects to return to profitability in the fourth quarter according to this article by the Business Times.

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Copyright Photo: Richard Vandervord/AirlinersGallery.com. Boeing 747-4D7 HS-TGG (msn 33771) departs gracefully from Phuket, Thailand.

Thai:

Thai seeks a government rescue package

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Please click on photo for full view and caption.

Thai Airways International (Bangkok) is seeking a bailout from the government of Thailand but the Finance Minister is seeking a detail turnaround plan from the flag carrier. Thai report a loss of $592 million for 2008, its first yearly loss in 43 years.