Mr. Chai Eamsiri, Chief Executive Officer of Thai Airways International Public Company Limited (THAI), stated that the company is preparing to re-list its shares into the Thai stock market in early August. Its exact date, however, will be determined by The Stock Exchange of Thailand (SET) within this week.
The CEO stated that although the stock market is being impacted by Trump’s tariff threat, THAI was not directly affected by this. Therefore, the re-listing may be in the investors’ best interest. In addition, the approach of tourist high season is also likely to boost the attractiveness of the stock.
THAI is confident in its stability and on-going performance as it successfully exited its rehabilitation plan. Thailand’s Central Bankruptcy Court issued this development on June 16 as the company fulfilled four key conditions.
Regarding its 2Q25 performance, THAI’s outlook is still at a positive level despite being a low season. Nonetheless, the number of its European passengers is growing while the amount of Chinese passengers is still at a stable level as most of them are tourists or transit passengers. Furthermore, since the company has few routes to China, the Chinese passenger’s volume is unlikely to affect the business.
As for the investment plan on U-Tapao’s Maintenance, Repair, and Overhaul (MRO) facility, Mr. Chai stated that the national’s cabinet had terminated THAI’s access to the Eastern Economic Corridor (EEC) due to not being a state-owned enterprise. The EEC office would likely hold an auction for public-private partnership or lease the facility.
THAI is prepared to participate in the bidding as it viewed the EEC as an opportunity to stimulate the economy and raise an investment. Therefore, the company decided to cooperate with Bangkok Airways PCL (SET: BA), investing THB 10 billion on this MRO. This deal is close to finalization.
Mr. Chai also made a suggestion for Thai’s trade team who participated in the trade negotiation between Thailand and the U.S. He recommended mentioning the fact that THAI had purchased 45 aircraft from the U.S., with an option to purchase 50 more. This matter could be raised as a bargaining chip, in his view.
