Thai Airways International Announces Board Meeting Results

Today (25 September 2002), Thai Airways International Public Company Limited held a Board of Directors’ Meeting, chaired by Mr. Thanong Bidaya, THAI’s Chairman, with the following results: 

THAI’s Long Term Plan

THAI’s Board approved THAI’s Long Term Plan 2002/03 – 2006/2007, for THAI’s further success based on THAI’s corporate vision, activities, purposes, and the company’s overall goals. The long term plan also incorporates the airline’s strategic plan which covers organization and personnel management, improvements on standard of products and marketing, quality of work processes, and finances, which will proposed to the Ministry of Transport and Communication and the National Economic and Social Development Board. 

Progress on THAI’s Share Offering

THAI’s Board was briefed on progress concerning THAI’s share offering. The Board also approved the appointment of a THAI representative to be part of the Committee on THAI’s Investments who will be responsible for preparation and coordination according to the share offering plan, as follows: 

1. Mr. Viroj Nualkhair - Committee Member 
2. Mr. Kanok Abhiradee - Committee Member & Secretary

In addition, THAI’s Board also approved to hire KPMG Audit (Thailand) Limited to be the financial consultant according to the Board’s authorization to hire a financial consultant and manager to oversee the share offering as well as the hiring of other consultants. As for the consultant for flight operations, THAI’s Board approved for the airline to proceed with the selection and hiring of a consultant.

Progress on THAI’s Investment in Suvarnabhumi Airport

THAI’s Board was informed of progress made on the Suvarnabhumi Airport project, whereby THAI and the Airports Authority of Thailand (AAT) will organize a signing ceremony in principle agreement concerning the project. The signing ceremony between THAI and the AAT will take place on 1 October 2002 at 1600 hours at THAI’s Head Office.

Appointment of Subcommittee on THAI’s Investment in Suvarnabhumi Airport

THAI’s Board approved appointment of a Subcommittee on THAI’s Investment in Suvarnabhumi Airport, as follows:

1. Mr. Olarn Chaipravat - Subcommittee Chairman 
2. ACM Terdsak Sujjaruk - Committee Member 
3. Mr. Borwornsak Uwanno - Committee Member 
4. Mr. Wissanu Krea-ngam - Committee Member 
5. Mr. Viroj Nualkhair - Committee Member 
6. Mr. Kanok Abhiradee - Committee Member 
7. ACM Narongsak Sangkapong - Committee Member & Secretary 
8. Director, Council of the Board Members and Management Meeting Department - Assistant to the Secretary

The Subcommittee on THAI’s Investment in Suvarnabhumi Airport will be responsible for overseeing and coordinating the airline’s investment at the new airport, with authority to access information and concerned personnel. The Subcommittee will proceed with other issues, according to assignment by THAI’s Board, with authorization to appoint a consultant and establish a working group for further task coordination.

Appointment of Management Committee on THAI’s Investment in Suvarnabhumi Airport

THAI’s Board approved the appointment of the Management Committee on THAI’s Investment in Suvarnabhumi Airport as follows:

1. President - Chairman 
2. Executive Vice President, Special Projects - Vice Chairman 
3. Executive Vice President, Corporate Development and Support - Committee Member 
4. Executive Vice President, Operations - Committee Member 
5. Executive Vice President, Finance and Accounting - Committee Member 
6. Senior Vice President, Corporate Planning and Government Relations - Committee Member 
7. Managing Director, Technical Services - Committee Member 
8. Managing Director, Cargo and Mail Commercial - Committee Member 
9. Managing Director, Ground Support Equipment Services - Committee Member 
10. Managing Director, Customer Services - Committee Member 
11. Managing Director, Catering - Committee Member 
12. Director, Office for the Support of the Investment Project in the New Bangkok International Airport (Suvarnabhumi Airport) - Committee Member & Secretary 
13. Manager, Meeting Services Division - Assistant to the Secretary