THAI restructuring

STARTING DATE: 19 May 2020

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TOTAL UPDATE: 61 STORIES

The cabinet resolved on May 19 to restructure loss-ridden Thai Airways International Plc under the supervision of Bankruptcy Court instead of injecting 54 billion baht in taxpayers' money into it as requested by the flagship carrier.

THAI restructuring
LATEST
10 Apr 2021

4,000 at THAI fail screening to keep jobs

A total of 4,000 Thai Airways International Plc (THAI) employees have failed a screening programme to keep their jobs and will have little option but to accept early retirement, according to a source at the airline.

10 Apr 2021 28
4,000 at THAI fail screening to keep jobs
6 Apr 2021

Labour union's ire

The Thai Airways International Plc labour union is seeking clarification on whether the airline complied with its debt-restructuring plan by changing the terms of employment of its staff.

6 Apr 2021 9
Labour union's ire
12 Mar 2021

New contracts illegal

The labour union at Thai Airways International has complained about the struggling airline's new employment contracts, saying they are unfair and illegal.

12 Mar 2021 28
New contracts illegal
3 Mar 2021

THAI needs B50bn

Thai Airways plans to raise about 50 billion baht over the next two years as the financially struggling flag carrier submitted its business rehabilitation plan.

3 Mar 2021 81
THAI needs B50bn
2 Mar 2021

Union rips THAI move

The labour union of Thai Airways International (THAI) is protesting changes to the ailing flag carrier's employment contracts.

2 Mar 2021 12
Union rips THAI move
19 Feb 2021

Thai Airways says it has cut about 240 executive positions

Thai Airways International announced on Friday it had cut around 240 executive positions at the airline as part of its bankruptcy restructuring process.

19 Feb 2021 36
Thai Airways says it has cut about 240 executive positions
10 Feb 2021

THAI rehab

Thai Airways International's debt rehabilitation plan needs a further review of critical points including the airline's ability to pay off its debts.

10 Feb 2021 25
THAI rehab
9 Feb 2021

THAI rehab plan

Thai Airways International (THAI) is expected to submit its rehabilitation plan to the Central Bankruptcy Court by the deadline of March 2, says Deputy Prime Minister Wissanu Krea-ngam.

9 Feb 2021 22
THAI rehab plan
6 Dec 2020

Thai Airways inquiry to get major new evidence

Extra information concerning alleged irregularities inside Thai Airways International (THAI) will be given to the National Anti-Corruption Commission (NACC) on Dec 14.

6 Dec 2020 23
Thai Airways inquiry to get major new evidence
12 Nov 2020

Nowhere to fly

Thai Airways posts a huge quarterly loss, adding to its monstrous debt, as air travel restrictions caused by the pandemic continue to bleed the aviation sector dry.

12 Nov 2020 60
Nowhere to fly