THAI Announces Results of Executive Management Meeting

Thai Airways International Public Company Limited today held its Executive Management Meeting, chaired by Mr. Virabongsa Ramangkura, THAIs Chairman and Acting President, with the following results:

I. Chairmans Annoucements to the Management

1.1. According to THAIs cost reduction policy as a result of the terrorist attacks on the United States, all THAI staff are required to provide full cooperation and continue with their work as normal under their current operations. However, they must consult their management if they foresee any damages to the company in the course of their work.

1.2. THAIs Chairman has proposed for a tender to be held for companies who wish to provided distribution of duty free products on board THAIs flight, since the agreement with King Power On Board Sale & Services Co. Ltd. has come to an end.

II. Per Diem for THAI Staff Travelling Abroad On Duty

In order to facilitate THAI staff who are travelling abroad on duty, the management has agreed to pay their per diem in Euro Currency, for instance in Finland, Ireland, Luxemburg, Portugal, Austria, Belgium, France, Germany, Greece, Italy and Spain. This will be effective from January 1, 2002.

III. Appointment of Risk Management Consultant Committee
According to THAIs Business Unit policy which took effect on November 1, 2001, the management has appointed a Risk Management Consultant Committee as follows:

1. M.R. Supadis Diskul Chairman

THAIs Acting Executive Vice President, Human Resources & General Administration

2. Mr. Kaweepan Raungpaka Member

THAIs Executive Vice President, Finance and Information


3. Flg. Off. Chinawut Naressaenee Member

THAIs Senior Vice President, Standards and Safety Assurance


4. Mr. Kaweepan Raungpaka Member

THAIs Acting Vice President, Finance Member

5. Mrs. SangNgun Pornpaiboonstid Member

THAIs Vice President, Corporate Planning

6. Mr. Tummasak Chutiwong Member

THAIs Vice President, Crisis Management and Information Centre

V. Investigation of THAIs Captain Training at the Civil Aviation Institution.

Since THAI has set up an investigation committee to dissolve the agreement with JET Familiarization or the policy to send THAIs Captain to train at the civil aviation institution, the management has requested Flt. Lt. Sa-ad Sobsatrasorn, previously THAIs Vice President, Operations who approved the stated policy, to provide additional information to the management for further investigation.

V. THAIs Policy Towards the Hiring of Contract Labour

Presently, THAI has hired up to 2,000 contract labour and due to the companys freeze on recruitement, the management has appointed Mr. Suthep Suebsantiwongse, THAIs Executive Vice President, Human Resources & General Administration to further study the companys rules and regulations for hiring of external or contract labour. The necessity of hiring external labour should be seriously considered before hiring new external labour in the future, since in the past two years, the number of contract labour rose to 2,000.


THAIs Spokesperson and Appointment of Deputy Spokesperson

Mr. Virabongsa Ramangkura, THAIs Chairman and Acting President was recently appointed as THAIs spokesperson with responsibility for announcing the airlines policy and strategies in order to facilitate communication with Ministries and other government agencies on a continual basis.

The management has agreed to appoint Mrs. Sunathee Isvarphornchai, Director of the Public Relations Office, as THAIs Deputy Spokesperson. Mrs. Isvarphornchai will be responsible for announcing to the public, including the press and media, news and information as well as at press conferences. This position will be reviewed once a new President is appointed.