Thai Airways International (THAI)’s restructuring plan was approved by creditors yesterday (Wednesday), holding 91.56% of the carrier’s combined debts. The airline’s creditors, who met via video conference, after the postponement…
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Thai Airways International (THAI)’s restructuring plan was approved by creditors yesterday (Wednesday), holding 91.56% of the carrier’s combined debts. The airline’s creditors, who met via video conference, after the postponement…
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After two postponements, Thai Airways International submitted its rehabilitation plan to the Legal Execution Department officials today (Tuesday), under which the debt-ridden national flag carrier plans to slash staff expenses…
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A lawyer for some of Thai Airways International’s creditors has voiced reservations over the national flag carrier’s appointment of a company to administer its rehabilitation plan. The objection was raised…
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Transport Minister Saksayam has ordered Thai Airways International to conclude its plan to purchase a fleet of 38 new aircraft, to replace its aging fleet at an estimated cost of…
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Thai Airways International president Sumeth Damronchaitham has admitted, for the first time, that the national flag carrier is in deep financial crisis, to the extent that it may have to…
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Thai Airways International does not have a liquidity problem and it has sufficient revolving funds to continue operations into the future, THAI CEO Mr Sumet Damrongchaitham assured today. Dismissing speculation…
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