Prime Minister Prayut Chan-o-cha is "dissatisfied" with the first-year performance of Charamporn Jotikasthira, president of loss-making Thai Airways International Plc (THAI) as the national carrier braces for record losses this year, senior government sources said Tuesday.
Mr Charamporn, a 58-year-old veteran banker and computer scientist, will be given another six months to turn the 55-year-old airline's fortunes around or face the axe, a cabinet source said.
"Currently the prime minister is dissatisfied with Mr Charamporn," said the policy-making source, who declined to be identified.
"He may survive this year's evaluation and be given another six months to prove himself. If he continues to miss targets, he won't survive the next evaluation round."
After a rosy five-year record as president of the Stock Exchange of Thailand, Mr Charamporn was appointed THAI chief last December promising a "big change".