Thai Airways to request more time for revamp


Thai Airways plans to trim costs by another 30% next year

BANGKOK: Thai Airways International (Thai) will ask the central bankruptcy court to extend the deadline for submission of its business rehabilitation plan by a month, from Jan 2 to Feb 2, according to acting president Chansin Treenuchagron.

Chansin said he was confident the carrier could carry out the plan successfully.

According to law, the rehabilitation plan must be fully implemented in five years, after which the rehab process can be extended twice for one year each time.

The carrier has continued to see revenue from both its aviation and non-aviation businesses, said the acting president.

He said Thai planned to trim costs by another 30% next year. — The Nation/ANN.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Thai Airways , revamp , more time , trim costs ,

   

Did you find this article insightful?

Yes
No

Next In Business News

US says Vietnam's currency actions 'unreasonable' but holds off on tariffs
Top Glove reports Covid-19 outbreak at four factories
AmBank provides 6-month moratorium for flood victims
Principal Asset launches Next-G connectivity fund
CPO futures to trend lower on profit taking next week
WhatsApp to delay launch of update business features
US National Rifle Association files for bankruptcy
Oil drops over 2% on China lockdowns, U.S. stimulus concerns
Dollar finishes week stronger as US data hurts risk appetite
GLOBAL MARKETS-Data, lockdowns weigh on stocks

Stories You'll Enjoy