THAI restructuring

STARTING DATE: 19 May 2020

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TOTAL UPDATE: 80 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
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
29 May 2021

Date set for THAI rehab ruling

The Central Bankruptcy Court will rule on Thai Airways International Plc's (THAI) debt-rehabilitation plan on June 15 after suspending yesterday's hearing to allow for the assessment of complaints filed by creditors against the plan.

29 May 2021 1
Date set for THAI rehab ruling
28 May 2021

Thai Airways says court hearing on business restructuring moved to mid-June

Thai Airways International Plc said that the Central Bankruptcy Court will decide on its restructuring proposal on June 15, after Friday's hearing was postponed to allow for the assessment of complaints filed by creditors against the plan.

28 May 2021 9
Thai Airways says court hearing on business restructuring moved to mid-June
27 May 2021

THAI tests demand

Thai Airways has started selling direct flights from four cities in Europe to Phuket as the province counts down to its planned quarantine-free reopening in July.

27 May 2021 139
THAI tests demand
23 May 2021

THAI union opposes new hire contract

The Thai Airways International (THAI) union is trying to put a brake on management moves to sack employees who refuse to sign new employment contracts.

23 May 2021 24
THAI union opposes new hire contract
20 May 2021

Restructuring plan approved

Thai Airways Internatinal's creditors approved the airline's debt rehabilitation plan which emphasises the state's role in helping the carrier access fresh cash injections.

20 May 2021 35
Restructuring plan approved