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Thai Airways seeks new capital to resume operations after rehabilitation plan approval

Financially-strapped Thai Airways International (THAI) is seeking 50 billion Baht worth of capital from both the government and private financial institutions to boost its liquidity, so the struggling airline will…

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Nok Air determined to carry on after filing court rehabilitation plan

Nok Air chairman Prasert Boonsamphan has assured that the Thai airline is determined to carry on operating, after the Central Bankruptcy Court accepted the company’s business rehabilitation plan yesterday. He…

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Bankruptcy court accepts THAI’s protection petition for consideration

Thailand’s Central Bankruptcy Court today has accepted Thai Airways International’s bankruptcy protection petition for consideration and set the first hearing for August 17th.   The court’s decision to accept the…

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THAI files rehabilitation petition with Central Bankruptcy Court

Beleaguered Thai Airways International today (Tuesday) filed a bankruptcy protection petition with the Central Bankruptcy Court in Bangkok. The move followed the Finance Ministry’s sale of 3% of its shares…

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