Why was the CEO of Thai Airways fired for leading a financial turnaround?

CEO of Thai Airways: Heading to departures? – Al Jazeera, June 3, 2012
…In 2011, the airline, partly due to last year’s floods, made a loss of $321m. This year, however, it is expected to make a $191m profit.
But here is the catch, Thai Airways is 51 per cent owned by the country’s finance ministry, and, as is often the case, new governments mean new management. And the outgoing CEO was appointed by the previous government. So, is he simply a political casualty?…

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