Thai Airways to be relisted on Thai Stock Exchange, marking successful recovery

Thai Airways International Public Company (THAI) announced that it will be relisted on the Stock Exchange of Thailand (SET), with stocks trade set to resume on August 4, 2025.

This marks a successful recovery following the Thai flag carrier’s announcement of its business rehabilitation plan in 2020. It also follows an order from the Central Bankruptcy Courton June 16, 2025 to conclude the company’s business rehabilitation process. 

The airline said that its successful completion of the implementation under the business rehabilitation plan has transformed the company into a private entity “ready to instill confidence among shareholders and investors.”

THAI said it is once again poised to reclaim its position as a leader in the regional aviation industry and a top-listed company on the stock exchange.

“Today, THAI is positioned at its strongest point in all aspects, including financial health, operational efficiency, and competitive capability. The company has a clear and robust growth trajectory, supported by strategic initiatives that include an optimized organizational structure tailored to our business scale,” said Lavaron Sangsnit, THAI Chairman of the Board of Directors.

“Our personnel expenses are maintained at levels competitive with leading airlines of similar standing, while preserving flexibility to swiftly adapt to dynamic market conditions. Furthermore, we place great emphasis on full compliance with the regulations and guidelines of the Stock Exchange of Thailand and the Securities and Exchange Commission,” Sangsnit added.

Sangsnit also said that THAI is committed to minimizing the environmental impact of its operations, with a clear target to achieve net zero emissions by 2065. 

“Our goal is to build upon the successes of our recent restructuring to establish a solid foundation for sustainable growth through transparency and strong corporate governance. This approach aims to foster long-term trust and confidence among our shareholders and all stakeholders,” he said. 

THAI Chief Executive Officer Chai Eamsiri said that the airline’s current growth trajectory is not just a rebound from the COVID-19 pandemic, but is the result of a comprehensive restructuring effort and a clearly defined long-term strategy. 

Eamsiri said that this includes: 

Restructuring and rightsizing the organizational structure to be more agile and efficient, while increasing transparency and accountability in all operational processes

Executing a strategic fleet optimization with a target to have 150 aircraft by 2033

Expanding routes and increasing flight frequencies to solidify our position as a regional network airline connecting Asia with the rest of the world

Enhancing cabin services and sales channels to elevate the customer experience. 

Integrating digital technology into all work processes to boost efficiency
“These strategic pillars collectively position THAI for sustainable growth and give us a competitive edge to re-emerge as a formidable leader in the regional aviation industry,” Eamsiri said.

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