Thai court extends Thai Airways bankruptcy hearings until Aug 25

The Central Bankruptcy Court said in a statement 16 creditors opposed the airline’s restructuring proposals, of which three were institutional creditors and the rest, individual creditors.

BANGKOK: Thailand’s bankruptcy court said on Monday it had scheduled two more days of hearings to consider Thai Airways International Pcl’s request for restructuring.

The Central Bankruptcy Court said in a statement 16 creditors opposed the airline’s restructuring proposals, of which three were institutional creditors and the rest, individual creditors. The court scheduled Aug 20 and Aug 25 for additional hearings for those opposing the plan. Thai Airways acting president, however, remained confident after the first hearing yesterday.