Thai Airways to Exit Debt Restructuring Programme
8 Articles
8 Articles
Thai Airways gets court approval to exit bankruptcy plan
BANGKOK, Thailand — A court has approved Thai Airways’ exit from its debt rehabilitation plan, launched after the flag carrier struggled to survive the collapse in tourism caused by coronavirus pandemic travel restrictions. The Star Alliance member was plunged into crisis as global travel ground to a halt, triggering mass layoffs and forcing the airline
Thai Airways to exit debt restructuring programme
BANGKOK :Flag carrier Thai Airways International on Monday said it will exit its debt restructuring programme and expects to resume trading its shares on the stock market by early August.Thailand's national airline went into bankruptcy-protected restructuring in 2020, reducing its workforce by half and trimmi
"Central Bankruptcy Court" has ordered to cancel the rehabilitation of "Thai Airways" and move forward to build on strength and create sustainable growth.
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