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.

Meanwhile, China Airlines, EVA Air and Air China shares fell 7.0%, 6.4% and 4.8%, respectively, yesterday as Beijing stepped up flu monitoring nationwide after confirming the Mainland's first swine flu case. China has two confirmed cases of A(H1N1) virus, according to the WHO, including the new one in Chengdu and one in Hong Kong SAR.

For daily updates on American aviation stock prices and a complete wrap of the day's breaking news, sign up now for a complimentary subscription to America Airline Daily.

Asia Pacific selected airlines daily share price movements (% change): 12-May-09

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More