BANGKOK: State-run Thai Airways International Pcl will seek a restructuring under Thailand’s bankruptcy law after tourism and travel collapsed because of the novel coronavirus pandemic.
“We have made a decision for Thai Air to enter the rehabilitation process, ” Prime Minister Prayuth Chan-Ocha said in a briefing yesterday, after the weekly Cabinet meeting in Bangkok approved the plan. “We will give full support to Thai Air, even though it won’t get financial support from the government.”
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