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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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A trip down THAI’s turbulent journey from awards and admiration to knuckle-biting rehab

Once a prosperous airline and national pride, Thai Airways International (THAI) is now struggling to clear a mountain of debt during the global aviation industry’s darkest days. The national flag…

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THAI airways to sell assets to raise more funding

THAI airways is selling its Laksi training center building, in the Bangkhen district of Bangkok, its Nok-Air shares, its Bangkok Aviation Fuel Services (BAFS) shares and Boeing 737- 400 engines,…

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THAI Airways plans special merit-making flight

Thai Airways International is planning a special flight for people to make merit at numerous temples on November 30th, without actually visiting the temples, in an attempt to boost tourism….

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Central Bankruptcy Court endorses THAI’s rehabilitation filing and planners

Thailand’s Central Bankruptcy Court, this morning (Monday), approved Thai Airways International Public Company’s (THAI) debt rehabilitation filing and its rehabilitation planners. In approving the debt-stricken national flag carrier’s rehabilitation filing,…

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The four men tasked with piloting THAI through bankruptcy restructuring

Hope for Thailand’s ailing national airline now rests on the shoulders of four new board members, who have been tasked with the tough job of cleaning up and preparing the…

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Cabinet endorses court-sanctioned rehabilitation scheme for ailing THAI

Thailand’s cabinet has decided to let financially-strapped Thai Airways International enter a court-sanctioned rehabilitation scheme, under the Thai bankruptcy laws. Speaking at a news conference today (Tuesday), Prime Minister Prayut…

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Court-ordered rehabilitation likely option for debt-laden THAI

After years of heavy losses, Thailand’s struggling national airline is making headlines with its last-ditch attempt to survive a spiralling financial crisis fuelled by the global coronavirus pandemic. Thai Airways…

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