Thai govt to go to bankruptcy court with Thai Airways rehab plan


BANGKOK: Thailand's government said on Monday (May 18) it plans to submit a rehabilitation plan for troubled national carrier Thai Airways International Pcl to a bankruptcy court rather than go ahead with a planned rescue.

"The State-Enterprise Planning Office agreed in principle for the rehabilitation of Thai Airways in court ... the procedure will be submitted to cabinet tomorrow," government spokeswoman Narumon Pinyosinwat said.

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