Mr. Chai Eamsiri, Chief Executive Officer of Thai Airways International Public Company Limited (SET: THAI), told “Kaohoon” that yesterday, Thailand’s Civil Court lifted the temporary injunction. The decision was primary based on insufficient evidence that management would suffer damages from seating the nine new board members
Meanwhile, the underlying legal dispute, centered on whether the Annual General Meeting (AGM) held on December 19, 2025, complied with regulations, remains unresolved. Should the court later rule that the meeting was invalid, it could ultimately impact the legitimacy of the new board appointments. The Civil Court was initially scheduled to deliver the verdict on February 16 this year.
Today (January 7), Thai Airways will officially register the change of directors with the Department of Business Development before convening a meeting with the new board as soon as possible. This is so that they can sign the lease agreement for 10 Boeing 787 aircraft and the U-Tapao Maintenance, Repair, and Overhaul Center (MRO) project worth THB 10 billion within this month.
The new 15-member board of Thai Airways consists of:
- Mr. Lavaron Sangsnit, Chairman of the Board
- Dr. Kulaya Tantitemit, Director
- Mr. Chakree Bamrungwong, Director
- Police General Thatchai Pitaneelaboot, Director
- Mr. Yanyong Detpiratmongkol, Independent Director
- Mr. Sumrid Sumneing, Independent Director
- Mrs. Charita Leelayudth, Independent Director
- Mrs. Chananyarak Phetcharat, Independent Director
- Mr. Yol Phokasub, Independent Director
- Mr. Plakorn Wanglee, Independent Director
- Mr. Vachara Tuntariyanond, Independent Director
- Mr. Rapee Sucharitakul, Independent Director
- Dr. Veerathai Santiprabhob, Independent Director
- Air Chief Marshal Amnart Jeeramaneemai, Independent Director
- Mr. Chai Eamsiri, Director (CEO)
Finansia Syrus Securities views the return of Thai Airways’ new board to normal operations as a short-term positive development as the restoration of the board’s authority reduces risks surrounding management continuity and signing authority. Key company projects are expected to advance with fewer obstacles, most notably the leasing of wide-body aircraft to replace retiring fleets in 2026, ensuring capacity sustainability. The resumption is also expected to push forward the investment in the U-Tapao MRO project.
However, Finansia Syrus Securities cautions that despite the lifting of the temporary injunction and the board’s return, ongoing disputes—specifically those related to the potential annulment of AGM resolutions—remain unresolved. The brokerage advises that these ongoing challenges could still impact the board’s ability to authorize transactions or lead to notable delays in securing approvals for major initiatives.
