Thai Airways Executive Sells Shares After Sack Over Baggage Backlog
Thai Airways director Chai Iam-siri sold 45,000 shares worth 252,000 baht after being sacked over a baggage backlog that caused many flight delays. The SEC disclosed the transaction on October 12, 2026, noting he retains 500 shares. His removal as chief executive followed a special board meeting on October 2, 2026, and an investigative committee has been set up.
Chai Iam-siri sold Thai Airways shares after being removed over baggage backlog. On October 12, 2026, the Securities and Exchange Commission (SEC) reported changes in executives' securities holdings, stating that Chai Iam-siri, a director of Thai Airways PCL [THAI], sold 45,000 THAI shares at an average price of 5.60 baht, worth 252,000 baht. After the transaction, he holds 500 shares. The sale was made on October 9, 2026, following a special meeting of the Thai Airways board on October 2, 2026, which resolved to remove him from his duties as chief executive officer effective immediately, before his term ends in January 2027, and appointed an investigative committee to examine his inability to manage the baggage backlog crisis, which caused numerous flight delays.
