Thai Airways wins some success in negotiating with creditors

BANGKOK (The Nation/ANN): Thai Airways international (THAI) has successfully completed negotiations with creditors in three countries, namely Switzerland, Germany and Japan, and is planning to seek bankruptcy protection in the United States before it starts negotiating with creditors there.

This progress was reported to the Cabinet by Deputy Prime Minister Wissanu Krea-ngam in his capacity as chairman of the rehab monitoring committee.