Results From THAI’s Board Meeting

29th Jun 2000

29 June 2000, at the Head Office of Thai Airways International Public Company Limited, THAI’s Board of Directors’ Meeting was held and was chaired by the Chairman of the Board, Mr. Mahidol Chantrangkurn. The following issues were discussed:

1. Resignation of Members of the Board:

THAI’s Board of Directors accepted the resignation of Police General Pracha Promnog, who sent in his letter of resignation effective as of 13 June 2000 onwards.

2. Aircraft Financing for Boeing 777-300 no. 5 and 6:

THAI’s Board of Directors granted approval for the airline to seek long term financing for the purchase of Boeing 777-300 aircraft no. 5 and 6, with consultation on the conditions and agreement processes with the Ministry of Finance. When approval from the Ministry of Finance is obtained, aircraft finance plans will proceed further. Before the long term aircraft financing may be put into implementation, the proposed plans will be put forth to THAI’s Board of Directors for approval.


3. THAI Named One of World’s Finest Airlines for Inflight Services:

THAI’s Board of Directors acknowledged the results of a survey conducted by Inflight Research Survey (IRS) based in Oxford, England. THAI was selected as one of the best air carriers worldwide for excellence in inflight services. Results of the survey were published in the June 2000 issue of the Orient Aviation magazine, rating a total of 150 airlines worldwide, the evaluate the quality of each airlines’ front line product, service quality performance, flight operations and airport and ground services. This on-line survey received feedback from approximately 150,000 respondents, the results of which were analyzed and concluded by the travel panel members worldwide.

4. THAI’s Airline President Succession Planning Program

In accordance with the results of THAI’s Board of Directors’ Meeting 5/2000 held on 25 May 2000, THAI’s Board discussed plans leading toward implementation of an Airline President Succession Planning Program, whereby the details concerning this matter were omitted from the minutes of the previously held board meeting. THAI’s Board reviewed issues that had been previously discussed and the following conclusions were made:

A: Discontinuation of the condition that the incumbent candidate should hold the position to full term, previously stated as 3 years per one term, which had been proposed in order for management transition

B: Correction was made concerning the stipulation that the candidate need be or need have held a management level position in a government organization or the private sector; the said candidate should have worked for an organization with an investment budget and/or operating budget or turnover not less than THB 100,000 million baht per year, which should be corrected to be not less than THB 50,000 million baht per year.

C: Correction should be made to the requirement that the candidate should have an excellent corporate vision and human relations, without omitting reference to “excellent”.



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