THAI restructuring

STARTING DATE: 19 May 2020

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TOTAL UPDATE: 85 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
16 Nov 2021

THAI makes profit of B51bn

Struggling Thai Airways International (THAI) generated a net profit of 51.1 billion baht in the first nine months of the year.

16 Nov 2021 78
THAI makes profit of B51bn
2 Nov 2021

Flag carrier cuts costs by B44.8bn

Thai Airways International has managed to cut costs by more than 44.8 billion baht this year and made a large portion of revenue from cargo transport.

2 Nov 2021 43
Flag carrier cuts costs by B44.8bn
14 Oct 2021

Thai Airways to resume international services

Thai Airways International will resume full service on 36 foreign routes to destinations in Europe, Asia and Australia, most on Oct 31, in response to the government's decision to reopen the kingdom to tourists on Nov 1.

14 Oct 2021 29
Thai Airways to resume international services
29 Sep 2021

THAI to start flying to high-jab rate countries

Thai Airways International (THAI) has announced it will start selling tickets on select international flights to destinations with high vaccination rates, from Oct 1.

29 Sep 2021 64
THAI to start flying to high-jab rate countries
21 Sep 2021

THAI sells more planes

Cash-strapped Thai Airways International (THAI) is putting three aircraft along with a flight simulator up for sale, as a part of its financial rehabilitation plan and the ongoing push to modernise its ageing fleet, a source in the company said.

21 Sep 2021 80
THAI sells more planes
4 Aug 2021

Thai Airways selling assets to raise cash

Thai Airways International (THAI) is selling 10 properties and buildings around the country in a bid to raise funds to rehabilitate its ailing business, according to an airline source.

4 Aug 2021 38
Thai Airways selling assets to raise cash
23 Jun 2021

THAI loses privilege

The cabinet cancelled privileges granted to Thai Airways giving it the right to operate duty-free shops at Don Mueang airport without winning a formal bidding process.

23 Jun 2021 6
THAI loses privilege
16 Jun 2021

Change at the top

Chansin Treenuchagron (pictured) resigns as acting president of Thai Airways, with Suvadhana Sibunruang now in charge until the end of September.

16 Jun 2021 16
Change at the top
16 Jun 2021

Court accepts THAI's recovery plan

The Central Bankruptcy Court (CBC) has accepted Thai Airways International's (THAI) debt rehabilitation plan containing three amendments made by creditors.

16 Jun 2021 12
Court accepts THAI's recovery plan
15 Jun 2021

Court nod paves way for makeover of THAI B400bn debt

Thai Airways International won court approval on Tuesday for restructuring its 400-billion-baht debt load as the airline that is already under bankruptcy protection seeks to turn around its fortunes.

15 Jun 2021 28
Court nod paves way for makeover of THAI B400bn debt