Mass lay-offs at Thai AirAsia as aviation sector continues to battle

Thailand could have re-opened to international travellers, but the aviation sector continues to wrestle because of the pandemic. Today, the Bangkok Post reports that Thai AirAsia has announced mass redundancies and extended furlough arrangements for many of its employees. Asia Aviation, the most important shareholder in TAA, says the outlook for the aviation sector remains unstable and the corporate has had no selection but to minimize back both its workforce and its fleet. Executive chairman Tassapon Bijleveld says the fact that re-opening insurance policies differ from country to nation means income on worldwide routes is limited.
“It’s hurtful to take such a decision, but it’s primarily based on reality which we can’t reply as to when the scenario will improve. We have to wait till revenue from worldwide routes comes again and that can depend upon the entry regulations of Thailand and overseas locations.”
According to the Bangkok Post report, Tassapon predicts a full restoration for the home market by the center of subsequent yr, adding that international flights could see a gradual return to twenty – 30% of 2019 ranges. He believes the best-case situation is that by the tip of 2022, TAA may have resumed half the number of scheduled worldwide flights it had pre-pandemic.
In Hilarious , TAA joined 6 different airlines in petitioning the federal government for delicate loans, to help secure the roles of over 20,000 staff affected by the primary Covid-19 lockdown. They didn’t get a response until the third quarter of 2021 and a selection of them, including TAA, haven’t acquired any assistance from the federal government.
TAA is anticipated to agree the variety of redundancies this week and can make an extra announcement to workers subsequent week. The airline can be introducing an early retirement scheme for employees who want to leave voluntarily.
For more data on how to get into Thailand in the course of the pandemic, CLICK HERE.
SOURCE: Bangkok Post

Leave a Comment