BANGKOK, May 19 (THE NATION/ANN) - The Cabinet today (May 19) approved the Transport Ministry's proposal that Thai Airways International (THAI) undergo rehabilitation under the Bankruptcy Act, said Prime Minister Prayut Chan-o-cha.
The premier declined to give details of the rehab plan, though the Cabinet has reportedly approved a plan by the Finance Ministry, the major shareholder in THAI, to sell 3 percent of its shares in the carrier to the second largest shareholder, the Vayupak Fund.
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