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New President at Thai Airways International

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Dr. Piyasvasti Amranand commenced his term as President of Thai Airways International Public Company Limited on Monday.

Piyasvasti joined THAI after having served most recently as chairman of the advisory panel to Kasikornbank Bank’s CEO. He is a graduate of Oxford University, England. Thereafter, he was awarded a Master’s and Ph.D. degree from the London School of Economics, with a strong background in mathematics, energy and the environment. Piyasvasti also headed Thailand’s National Energy Policy Office that transformed the country’s energy sector in the 1990s and was former Minister of Energy.

“I am under no illusion about the challenges facing aviation today, and that includes the challenges facing THAI,” Piyasvasti said. “THAI’s Board of Directors and senior management have addressed major liquidity issues facing them earlier this year with a turnaround plan that has already shown positive results.”

“But we still need to do more. We must continue to cut costs, radically improve our operational performance and enhance the efficiency and returns of every division within the airline,” Piyasvasti said.

“In this regard, I look forward to working with the large range of airlines and aviation organizations, such as IATA, Star Alliance, AAPA, ICAO and many others with whom THAI has excellent and enduring relationships.”

Some of the quick-wins that Piyasvasti intends to accomplish will be through increasing customer satisfaction in areas that are achievable immediately without additional investment, such as improving the quality of inflight service catering and inflight reading materials. The improvement in seats and inflight entertainment in all aircraft is expected to be complete within 2 years.

 To enhance THAI’s internal governance, he will try to introduce a “Whistleblower Policy” concept, that many global leading companies have successfully adopted.

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