News Forum - THAI expects bankruptcy court to approve revised rehabilitation plan

[Thaiger]

Thai Airways International is expecting its revised rehabilitation plan to be approved by the Central Bankruptcy Court. The submitted revision comes after the ailing carrier bounced back better than expected after its Covid-19-induced downfall. But, its rehab plan hasn’t come without pushback from some creditors. Chai Eamsiri, the airline’s acting chief financial officer and senior chief, says once the plan is approved, the company will continue with its debt restructuring programme. “THAI wants to ensure it has strong finances so it can recapitalise when the time is right.” Chai says once the plan kicks in, the company will lose its […]

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[Malc-Thai]

I have friends that have still not been refunded for their return flights that were cancelled due to covid..