Thai Airways faces court ruling on debt restructuring plan

The Central Bankruptcy Court judge will rule if Thai Airways can proceed with the appointment of EY Corporate Advisory Services Ltd and the carrier’s board members as debt rehabilitatio

BANGKOK: Thai Airways International Pcl, the nation’s flagship carrier, faces one of its biggest challenges in its 60-year history, with a local court set to rule on its debt restructuring today.

The Central Bankruptcy Court will decide whether the airline can proceed with its plan to rehabilitate its debt. The company, which had total liabilities of 332.2 billion baht (US$10.6bil) at the end of June, is one of the nation’s most high-profile debt cases.