THAI restructuring

STARTING DATE: 19 May 2020

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TOTAL UPDATE: 17 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
06:00

Board shakeup as THAI debt rehab commences

The Central Bankruptcy Court accepted a Thai Airways International (THAI) debt rehabilitation petition on Wednesday amid concerns of a technical setback after one of the airline's board members poised to be made a rehab planner resigned.

06:00 6
Board shakeup as THAI debt rehab commences
04:06

Downgrade won't affect THAI liabilities

The latest downgrade of debentures issued by Thai Airways International Plc (THAI) does not affect its current liabilities.

04:06
Downgrade won't affect THAI liabilities
27 May 2020

Thai Airways appoints chair, ex-CEO to bankruptcy rehab body

Thai Airways International Plc on Wednesday said it appointed board members as rehabilitation planners in a bankruptcy court submission.

27 May 2020 2
Thai Airways appoints chair, ex-CEO to bankruptcy rehab body
27 May 2020

Brief tenure

Former deputy transport minister Pailin Chuchottaworn resigns from the board of Thai Airways the day after he was appointed - apparently to avoid legal complications with the airline's bankruptcy restructuring.

27 May 2020 18
Brief tenure
27 May 2020

THAI debentures downgraded to default

Tris Rating downgrades Thai Airways' senior unsecured debentures to default after it enters bankruptcy proceedings.

27 May 2020 11
THAI debentures downgraded to default
27 May 2020

THAI insolvency

The Central Bankruptcy Court will begin hearing the Thai Airways International case in August - with the restructuring process expected to take five years.

27 May 2020 19
THAI insolvency
26 May 2020

Court to review THAI filing

The Central Bankruptcy Court has accepted for consideration Thai Airways International Plc's rehabilitation filing.

26 May 2020 39
Court to review THAI filing
26 May 2020

THAI picks new board members, Piyasvasti returns

Former Thai Airways International (THAI) president Piyasvasti Amranand, widely recognised for his past success in leading the national flag carrier to recoup losses and begin making profits again, is among the four new directors of THAI's board.

26 May 2020 3
25 May 2020

THAI picks new board members, Piyasvasti returns

Former president Piyasvasti Amranand has returned to Thai Airways International Plc, which picked him and three other new faces to be the new board members ahead of in another move to rescue the airline.

25 May 2020 25
THAI picks new board members, Piyasvasti returns
25 May 2020

THAI planner

Five businessmen, including Vichit Suraphongchai of Siam Commercial Bank, are expected to be nominated as administrators of a rehabilitation plan for Thai Airways International.

25 May 2020 59
THAI planner