THAI restructuring

STARTING DATE: 19 May 2020

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TOTAL UPDATE: 35 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
06:11

Thai Airways to nominate board members to execute rehab

Six members of Thai Airways International Plc's (THAI) board of directors will be nominated to execute the airline's debt rehabilitation plan and their names will be submitted to the Central Bankruptcy Court on Aug 17, according to THAI's acting president, Chansin Treenuchagron.

06:11
Thai Airways to nominate board members to execute rehab
1 Aug 2020

THAI confident in rehab request

Thai Airways expects the bankruptcy court to allow for a rehabilitation process after a hearing next month on its restructuring proposals.

1 Aug 2020 50
THAI confident in rehab request
23 Jul 2020

THAI plans SOS flights to London

Thai Airways International (THAI) has arranged three flights to London next month targeting students, business people and foreign nationals stranded by the Covid-19 pandemic.

23 Jul 2020 28
THAI plans SOS flights to London
17 Jul 2020

Four firms to advise on THAI rehab

The board of Thai Airways International (THAI) has approved the hiring of four firms to assist in legal, accounting, business and financial matters as the company works on its debt rehabilitation plan.

17 Jul 2020 15
Four firms to advise on THAI rehab
4 Jul 2020

Partial rehab plan

Thai Airways International will speed up the drafting of its rehabilitation plan to submit it to the Central Bankruptcy Court on Aug 17, according to the acting THAI president.

4 Jul 2020 27
Partial rehab plan
2 Jul 2020

Chansin to lead Thai Airways

Thai Airways International (THAI) has appointed Chansin Treenuchagron, a former president of the state-owned oil and gas conglomerate PTT Plc, as acting president.

2 Jul 2020 11
Chansin to lead Thai Airways
26 Jun 2020

No more privileges

Thai Airways International is seeking help after Airports of Thailand recalled more than 50% of the check-in counters and aircraft stands at Suvarnabhumi airport.

26 Jun 2020 52
No more privileges
20 Jun 2020

Up in arms

The Labour Ministry will invite the management of Thai Airways International for talks over a complaint by the airline's labour union over unreasonable cuts in work benefits.

20 Jun 2020 69
Up in arms
16 Jun 2020

THAI soothes customers

Thai Airways International moved to allay concerns among customers after they began receiving a notice from the Central Bankruptcy Court.

16 Jun 2020 44
THAI soothes customers
13 Jun 2020

THAI workers' jobs 'safe for now'

The management of Thai Airways International (THAI) insists job terminations are not in the pipeline for at least a year even though downsizing the fleet and cutting routes are part of its six-point strategy to turn the business around.

13 Jun 2020 22
THAI workers' jobs 'safe for now'