Suspended Thai Airways CEO sells 45,000 shares on October 9
Chai Eamsiri retains 500 Thai Airways shares after a 252,000-baht sale, a week after his suspension following the airline’s baggage crisis.
- Suspended Thai Airways CEO Chai Eamsiri sold 45,000 shares in the airline on October 9, one week after his suspension.
- The shares were sold for a total of 252,000 baht, at an average price of 5.60 baht per share.
- Following the sale, Chai Eamsiri's personal holding in the airline was reduced to 500 shares.
- The CEO was suspended on October 2 due to a baggage-handling crisis caused by flooding, though he remains on the board of directors.
Thai Airways International (THAI) director Chai Eamsiri sold 45,000 shares in the airline on October 9, 2026, a week after being suspended from his chief executive duties following its baggage-handling crisis. A securities disclosure shows that the sale left him with 500 shares.
Thailand’s Securities and Exchange Commission (SEC) records available on October 12 showed that Chai sold the ordinary shares at an average of 5.60 baht each, for a total of 252,000 baht.
Chai’s transaction was recorded in a Form 59 report on changes in executives’ securities and derivatives holdings. The shares were sold through the Stock Exchange of Thailand’s automated order-matching system via Krungsri Securities Plc.
Thai Airways reviews crisis response after flooding
Thai Airways’ board ordered Chai’s temporary suspension and a review of its crisis-management procedures on October 2. At extraordinary meeting No. 9/2026, the board cited the impact of late-September flooding on operations and the airline’s reputation.
The Thai Airways board instructed investigators to establish the facts and report their findings as soon as possible, with the aim of improving the airline’s management.
Thai Airways appointed director Sumrid Sumneing as acting chief executive with effect from October 2. Chai retained his seat on the airline’s board.
Chai’s suspension came before the scheduled end of his term as Thai Airways chief executive on January 31, 2027.
Chai questioned decision as baggage recovery continued
Chai said after the October 2 board meeting that he had not been given a clear explanation for being relieved of his duties and did not yet know the membership or precise remit of the fact-finding committee.
Thai Airways’ operations were close to returning to normal when the board met on October 2, Chai said. The airline had mobilised additional staff, set up an operations centre and expanded its call centre from two lines to 24, with volunteers and military personnel also helping to clear the baggage backlog.
