2 THAI execs cost airline B360m in losses: NACC

According to the National Anti-Corruption Commission ( NACC), two former Thai Airways International ( THAI ) executives have been found in the wrong in a probe into a freight business that resulted in damages for the airline of more than 360 million baht.

In an NACC statement released on Thursday, the anti-graft body said it completed its investigation into irregularities in the airline’s deal with Southern Air Inc ( SAI ) from 2009 to 2011.

Under the terms of the agreement, THAI would lease the entire cargo space on two long-range SAI B777-200 for two years in accordance with an Aircraft Block Space Agreement ( ABS ).

According to the NACC, during the two-year deal, THAI paid over 360 million baht ( US$ 10.5 million ) in landing and navigation fees to SAI despite the fact THAI is not responsible for such charges.

Pruet Boobphakam, a former THAI professional vice-president for business, and Poonsak Chumchuay, a former chairman of the firm’s goods and industrial message, were found to be involved in the abnormalities.

The NACC has made the decision to fully charge them with the offenses of leaders in state organizations or firms under Section 8 and Area 11, and the situation may be forwarded to the attorney-general for further investigation.

The NACC added that it will also request that the airline take punitive action against the set and require that they pay for the damages.