Former Thai Airways CEO Sells Shares Following Dismissal
Chai Eamsiri has sold nearly all his shares in Thai Airways after being removed from his position as CEO due to operational failures.
According to a report from Khaosod Online, former Thai Airways CEO Chai Eamsiri has divested almost his entire stake in the national carrier. Data from the Securities and Exchange Commission (SEC) indicates that on October 9, 2026, Mr. Chai sold 45,000 shares at an average price of 5.60 baht, totaling 252,000 baht. Following this transaction, he retains only 500 shares in the company.
This financial move follows a special board meeting held on October 2, 2026, where the Thai Airways board voted to terminate Mr. Chai’s tenure as CEO with immediate effect, months before his scheduled term was set to expire in January 2027. The board’s decision was reportedly driven by a formal investigation into his management of a significant operational crisis involving widespread baggage delays and subsequent flight disruptions.
For travelers and residents, this leadership change highlights ongoing efforts by the airline to address recent service reliability issues. While the immediate management transition is clear, the full findings of the board's investigation into the baggage handling failures remain to be confirmed. Passengers are advised to monitor official airline announcements regarding service improvements and potential changes to operational policies as the company navigates this leadership transition.
