30-07-2025
THAI Hosts Global Conference, Charts Post-Rehab Future
Thai Airways International Public Company Limited hosted the THAI Commercial Conference 2025 at Bangkok Marriott Marquis Queen's Park under the theme 'Aim Further, Strive for New Heights.' The event brought together more than 300 global commercial business partners and ticketing agents across its route network—including Europe, Asia, and Australia—as well as representatives from Thailand.
The annual conference served as a key platform for updating partners on the airline's current business operations and outlining its commercial strategy for the second half of 2025 and into 2026. THAI executives and staff from international branch offices also participated in the event, reaffirming the airline's commitment to strengthening global partnerships.
Under the strategic framework 'Trust in THAI,' the airline introduced its new commercial direction, unveiled product innovations, and showcased the upgraded A321neo cabin and seating, featuring a completely redesigned aircraft interior to enhance the passenger experience.
Reinforcing its commitment to Environmental, Social, and Governance (ESG) principles, THAI also presented the 'Good Taste for a Good Cause' initiative, promoting Thai-made products that support local communities and small businesses—helping expand Thailand's soft power globally.
Expert guest speakers contributed insights on the global economic outlook and emerging travel trends, offering valuable perspectives on the future of the airline industry.
The event also marked a major milestone for Thai Airways following its formal exit from court-monitored rehabilitation. Between April 2024 and March 2025, the airline reported an EBITDA of 40.31 billion baht—more than double the 20 billion baht target set under the restructuring plan.
Over the past four years, THAI has transformed its operations by restructuring its organisation, optimising its fleet and route network, enhancing cabin interiors and service touchpoints, and investing in digital infrastructure. A successful debt restructuring—through liability-to-equity conversion and new share issuance—restored financial health. As of 31 March 2025, THAI reported shareholders' equity of 55.22 billion baht, a complete turnaround from the 127.23-billion-baht deficit at the end of 2020.
On 8 July 2025, the Central Bankruptcy Court officially approved THAI's request to exit the rehabilitation programme, following a formal submission made in April. This approval marks the culmination of a four-year transformation that has significantly improved the airline's financial strength, operational efficiency, and long-term competitiveness.
The conference reaffirmed partner confidence in the airline's renewed strategic direction and highlighted THAI's next major milestone—its planned relisting on the Stock Exchange of Thailand (SET) in early August 2025.
