Thai Airways rises as leadership resolution nears; China Airlines, EVA, Air China down - Share Wrap

Thai Airways' shares surged 8% yesterday as the government has reportedly moved a step closer to appointing economist and former Energy Minister, Dr Piyasvasti Amranand, as the airline's new President, replacing Apinan Sumanaseni, who stepped down in Nov-2008 citing a dispute with the airline's Board over strategy. Developing a strong working relationship with the Board will be Dr Piyasvasti's major priority, as the airline can ill-afford more leadership uncertainty and internal wrangling.