Cash-strapped Thai Airways to seek restructuring

BANGKOK (AFP): Thailand's cash-strapped national carrier will look to undergo a restructuring through the kingdom's bankruptcy court, premier Prayut Chan-O-Cha said Tuesday (May 19), as the stricken company is battered by the crash in tourism caused by the coronavirus.

Thai Airways -- which is 51 per cent owned by the government -- has long fought to stay afloat, registering losses of almost US$800 million over the past three years.