The said plan of the flag carrier of Thailand is targeted to start by January of 2015 aiming to help significantly improve its earnings.
The military of the country has singled out the carrier as the first of all state enterprises to go through a reform plan following the May seizing power from the government that is accused of corruption.
If the plan gets the approval of the government, cuts on costs can be expected along with the strategized routes that will help the airline gain profits as it fights off tight competition against other low-cost carriers in the region.
President Charamporn of Thai Airways earlier mentioned that the carrier had planned to submit its plan for government approval by the end of 2014.
For the third quarter alone, the airline recorded 1.09 billion Baht or $33.2 million in net profits that resulted from its huge foreign exchange gain. Its net loss for the first nine months of the year was 9.2 billion Baht which increased with domestic political unrest that made the tourism industry unstable.
Meanwhile, Thai Airways estimates growth in its net profit for the fourth quarter from a boost in advance bookings for 2015.