Thai Airways appoints new CEO

posted on 24th May 2018 by Justin Burns
Thai Airways appoints new CEO

Thai Airways has named a new president and chief executive officer after appointing Sumeth Damrongchaitham the current head of a Thai government-owned investment agency Dhanarak Asset Development Co into the role.

The decision was made at a board meeting on 19 May. The board said it recommended the recruitment of Damrongchaitham after details such as salary are agreed, the airline said.

This appointment comes after nearly two years of the retirement of the former head of Thailand’s national airline, which has faced challenges due to high fuel costs and competition for low-cost carriers.

Thai Airways posted a 14 per cent decline in net profit for the three-month period from January to March after making a loss in 2017.

Earlier this month on 3 May, Thai also announced a new four-times a week route from Bangkok to the newly-built Islamabad International Airport in Pakistan.