Is Thai Airways going to bankruptcy Research Paper

Is Thai Airways going to bankruptcy - Research Paper Example uld take up shares with the business, beginning April 1, 1988, to be the major shareholder with an estimated 51.03% of the company’s shareholdings, while the remaining 48.97% is owned by investors in the domestic and foreign markets, also including the company’s employees (THAI, 2013). Through the years, the company has experienced various challenges, benefits, and implemented different strategies to remain competitive and profitable in a highly competitive international market (Shoffner, Shelly, & Cooke, 2011). There is speculation that Thai Airways may be going bankrupt, following several challenges in generation of revenue. Different scholars and publications have closely followed the progress of the company, often making speculations, and detailing the actions taken by various entities in an effort to prevent the company from going bankrupt. The impeding bankruptcy of the airline follows a number of decisions made by the company, with respect to the market forces. T he extent to which the investors are willing to get involved in the recovery efforts will determine the probability and possibility of the company failing. In this study, the aim is to conduct a comprehensive analysis of the company finances and situation to establish the basis of bankruptcy claims and probabilities. Thai Airways is an entity in the transportation industry, such that the ministry of transport manages the domestic, regional and international routes. The nature of the venture means that the products and services offered include air passenger, cargo and mail transport, warehouse, ground passage, ground equipment, and catering and maintenance services. Although the company is renowned for the air passenger services, the other services serve to support this core service. Under the service, the company has witnessed growth in the customers as well as fleet of airplanes, but challenges have resulted in premonitions on the company’s bankruptcy. Improvements to the services offered and