Thai Airways International Public Company Limited's process in rehabilitating its business under the context of Thai politics during the year 2019 - 2023

Abstract

Research on Thai Airways International Public Company Limited's process in rehabilitating its business Within the context of Thai politics in the period 2019 - 2023, the research objectives are to study (1) the identity of Thai Airways that is important to the government and the Thai economy (2) the origins of debt and
efforts to rehabilitate the business first. Thai Airways Business Rehabilitation Plan (3) Thai Airways Business Rehabilitation Plan Using qualitative research methods Information from documents and data from in-depth interviews with 8 people involved. The research results found that.

Thai Airways is considered the national airline of Thailand that shareholding of the Ministry of Finance and supervision of the Ministry of Transport Under the political structure during the year 2019, led by the government of General Prayut Chan-ocha, which Thai Airways Has entered the process of requesting business rehabilitation with the Central Bankruptcy Court. This is because they are in a state of insolvency and have more liabilities than assets. Resulting in being unable to repay debts as scheduled. Even though the political situation has returned to normal. But still faced with the problem of the spread of the coronavirus 2019, the government was unable to solve the problem as it should.

            Thai Airways has prepared a business rehabilitation plan. The objectives are as follows: (1) restructuring debt (2) adjusting the business model Organizational structure and departments. The Central Bankruptcy Court
ordered the rehabilitation of Thai Airways on September 14, 2020.

From interviews with key informants, it is indicated that Thai Airways International Public Company Limited will be able to rehabilitate its business. With the potential of Thai Airways International Public Company Limited itself and main government policies Which is led by Prime Minister Settha Thavisin, which stimulates the tourism economy and cancels tourist visas. and the political situation has become more democratic.
The airline business has begun to show a better trend.