Thai court approves Thai Air's revamp request


Court nod for Thai Airways International Pcl's request to restructure its debt.

BANGKOK: Thailand's Central Bankruptcy Court approved on Monday Thai Airways International Pcl's request to restructure its debt as part of bankruptcy proceedings, Judge Kampol Roongrat said.

The court's decision will allow the airline to move ahead with plans to restructure 245 billion baht ($7.83 billion) worth of debt, a process that would take three to five months.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Industrial projects look increasingly attractive
Protecting trade is protecting yourself
Dutch Lady’s balancing act amid escalating costs
Fed dampens hopes for rate cut
F&N to use cost management measures
Yew Lee expects to return to profitability on wider customer base
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
Changing office space requirements
New initiative for infrastructure needs in Perak

Others Also Read