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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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