Suvarnabhumi » New board of Airports of Thailand to cover up loss during military government took control
Sunday, July 20th, 2008
The Transport Ministry from the elected government has ordered the new board of Airports of Thailand (AOT) to outperform its predecessor in terms of financial returns. The ministry also reiterated the government’s policy to cancel the use of Don Mueang as Bangkok’s second airport and promote Suvarnabhumi as the capital’s single airport. It demanded the board put this policy into practice.
New Airports of Thailand board members met Transport Minister Santi Prompat and Deputy Minister Songsak Thongsri yesterday. After the meeting, Mr Songsak said Airports of Thailand under the previous board appointed by the coup leader after the Sept 19, 2006 coup earned only two billion baht yearly, down from over 10 billion baht a year before the coup. Its dividend also plunged from over two baht per share to just 40 satang.
As a listed company, Airports of Thailand should make profits and pay dividends to shareholders at the level that it used to in order to restore investor confidence, he said.
Mr Songsak said good management should raise income and profits for Airports of Thailand and that the new board should consider transferring Airports of Thailand executives to improve management effectiveness.
He also said Suvarnabhumi should be Bangkok’s sole airport so the capital could become an air transport hub for the region. If Airports of Thailand was good at management, congestion should not be a problem and Bangkok would not need Don Mueang airport, he added.
The previous government reopened Don Mueang as Bangkok’s second airport to serve low-cost airlines and some domestic flights of Thai Airways International after it was closed in Sept 2006 following the opening of Suvarnabhumi airport.
Mr Songsak suggested Airports of Thailand reschedule incoming flights to reduce congestion.
He also ordered the new Airports of Thailand board to settle its dispute with its airport duty-free shop concessionaire King Power International Group.
Related Topics
- Suvarnabhumi Airport – Thailand’s New International Airport
- PM Satisfies the Authorities’s Performance on Suppressing Narcotics
- First flights to Suvarnabhumi Airport Thailand
- Focus on Safety and Security at Suvarnabhumi Airport
- Suvarnabhumi Airport set to open on Sept 28, ( Thailand )
- THAI Air to Migrate to Suvarnabhumi Airport
- Tours of new Suvarnabhumi Airport terminals end Aug 15, 2006
- Budget airlines submit flight plans Aug 17, 2006
- Affirms readiness of Suvarnabhumi Airport by Transport Minister
- THAI Air downgrades security vigilance for domestic & international flights
- Suvarnabhumi Airport State Agencies affirmed system readiness
- PM eases Suvarnabhumi move timetable
- Security system & staff set ready for Suvarnabhumi international airport
- Decorating the gateway to Southeast Asia
- New Airport fees for Suvarnabhumi Airport
- Attractions around Suvarnabhumi Airport Prepared for Tourists
- Moving to Suvarnabhumi
- Novotel Suvarnabhumi Airport Hotel Opens
- Trial for International Flights completed successfully
- Air traffic system in Suvarnabhumi Airport in place
- No Ceremonies for Don Muang close
- Train connecting new international airport with central Bangkok to open next year
- Non-aviation services could make more revenue for AoT
- Sept 7, Check-in system at Suvarnabhumi Airport Testing
- Transport Minister to take ambassadors tour Suvarnabhumi Airport
- Nok Air starts early at new airport but opts out on big day
- Land price rises near Suvarnabhumi
- DCAP Confident Suvarnabhumi Airport will have Power
- Customs inspections speedy service at Suvarnabhumi Airport
- AOT seeks more foreign-denominated income
- Thai Airways, American Express contract with UN agencies
- Bangkok Airways early move to Suvarnabhumi, September 21, 2006
- Jobs accelerating in communities neighbouring Suvarnabhumi
- 46 Diplomats confident in Suvarnabhumi Airport’s capability
- CNN – New era for air travel
- “Suvarnabhumi Cash Card” to make traveling easier
- Suvarnabhumi Airport boosts investment
- Private sector confident Suvarnabhumi’s cargo hub potential
- Don Muang To Become Maintenance Hub
- Suvarnabhumi Airport aims for global accolades
- Jetstar to Land at Suvarnabhumi Airport Friday, September 15, 2006
- JAL to add flight after Suvarnabhumi Airport opens
- Thai Air starting first flight from Suvarnabhumi Airport today
- Thailand’s visa-free entry rules tighten
- Passengers on first commercial flights satisfied with Suvarnabhumi Airport
- Suvarnabhumi Airport completely prepared for 28 Sept. 2006
- Energy consumption to jump after Suvarnabhumi Airport opens
- No problem with holes in Suvarnabhumi Airport’s roof
- Bangkok Airways starts at Suvarnabhumi Airport on September 21, 2006
- Suvarnabhumi Airport opens on schedule
Loading ...
