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Central Bankruptcy Court approves Thai Airways debt restructuring plan


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The high profile restructuring plan to tackle Thai Airways International’s around 400 billion baht debt was approved by the Central Bankruptcy Court today. While the pandemic hit airlines across the globe, Thai Airways has been recording losses for nearly a decade. The record loss of 141.2 billion baht posted last year prompted the struggling airline to file for bankruptcy protection. The national carrier made what’s considered a catastrophic decision when they purchased 10 Airbus A340 aircraft for 100 billion baht back in 2003 and 2004. With higher maintenance and fuel costs on the wide-bodied passenger jets, the airline lost money […]

The post Central Bankruptcy Court approves Thai Airways debt restructuring plan appeared first on Thaiger News.

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Almost all depth of Thai Airways are from foreign banks and are from Germany, Swiss, USA and Japan. So it doesnt mean nothing  what a Thai court says because it will need the decisions from the courts from the countries of the banks they took the loans.

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Debt restructuring. In Thai language this means: debt don't pay scheme.

Anyone who think the Thais are wonderful just look at this example of how wonderful they are.

Shun Thai Airways!!!!

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