Thai Airways jets sit on the tarmac at the Suvarnabhumi Airport in Bangkok,on Monday (Sept 14, 2020.) Thailand's Central Bankruptcy Court on Monday gave the go-ahead to financially ailing Thai Airways to submit a business reorganization plan and appointed seven planners to oversee it. - AP
BANGKOK, Sept 14 (Bloomberg): Thai Airways International Pcl, the nation’s flagship carrier, got court approval for its business restructuring on Monday.
The Central Bankruptcy Court decided that the airline can proceed with its business reorganization plan, a crucial step forward for the embattled company, which has around 350 billion baht ($11 billion) of debt, according to Chansin Treenuchagron, its acting president.
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