Transparency important for THAI Smile | Bangkok Post: business

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Transparency important for THAI Smile

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THAI Smile will need to operate more transparently, especially over costs, after spinning off from parent Thai Airways International (THAI) to have a separate corporate entity. 

"THAI Smile can no longer relate itself to THAI's overall performance. It must have its own process to clearly measure its costs," Sorajak Kasemsuvan, president of the flag carrier, said yesterday.

He was responding to the cabinet's endorsement on Tuesday for THAI Smile to change its status from a business unit of THAI to become a wholly owned subsidiary known as THAI Smile Airways to operate a budget airline.

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