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Thai Airways eliminates over 30% of executive positions

Streamlining measure comes weeks before carrier submits restructuring plan

The approved rehabilitation plan is designed to tackle Thai Airways' unprofitable businesses.   © Reuters

BANGKOK -- Thai Airways International on Friday announced that it is eliminating more than 30% of its executive positions, the troubled airline's latest measure to win over creditors in a court-supervised rehabilitation process.

"The company needs to improve its organizational structure and business strategies in various areas to create greater flexibility in operations, which will lead to increased competitiveness," acting President Chansin Treenuchagron said in a statement written in Thai.

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