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A service for airline industry professionals · Thursday, April 15, 2021 · 538,598,476 Articles · 3+ Million Readers
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Thai Airways International News Monitoring

  • Published on May 27, 2020

    Thai Airways debt rehabilitation request accepted by bankruptcy court

    BANGKOK, May 27 (Reuters) - Flagship carrier Thai Airways Internationcal Pcl’s request for debt rehabilitation at the bankruptcy court has been accepted, the Court of Justice said on Wednesday. The court’s announcement gives the troubled airline an …

    Source: Reuters - Neutral
  • Published on May 25, 2020

    Thai Airways appoints former CEO to board, three others

    BANGKOK, May 25 (Reuters) - Thai Airways International Pcl on Monday replaced four of its board members with former business executives, including the airline’s former chief executive. Thai Airways appointed as board member Piyasvasti Amranand, its chief …

    Source: Reuters - Neutral
  • Published on Mar 8, 2021

    Revamp nod

    The Finance Ministry, the largest shareholder of Thai Airways International Plc, signalled its support for a restructuring plan that includes raising fresh capital, a temporary freeze on repayment of borrowings and slashing its workforce by half to return …

    Source: Bangkok Post - Neutral
  • Published on May 23, 2020

    Thai govt cuts Thai Airways stake to below 51% as part of restructuring plan

    BANGKOK, May 23 (Reuters) - The Thai government lowered its equity ownership in Thai Airways International PcL to below 51% by selling a 3.2% stake, a regulatory filing showed, as part of the rehabilitation process for the troubled national carrier. The …

    Source: Reuters - Neutral
  • Published on May 23, 2020

    Thai Airways loses state enterprise status after stake sell-off

    Debt-ridden Thai Airways International (THAI) has lost its state enterprise status after the Vayupak 1 Fund bought a 3.17% stake from the Finance Ministry on Friday, a source at the fund said. The stake purchase was undertaken at a price of four baht per …

    Source: Bangkok Post - Neutral
  • Published on May 21, 2020

    Thai Airways to lay off 30% of its staff

    “We opposed this position before but after reexamination, we have to show creditors that Thai Airways will genuinely follow the restructuring plan. Including adjustments to the board and staff.” In an abrupt reversal, the president of Thai Airways’ labour …

    Source: The Thaiger - Neutral
  • Published on May 20, 2020

    Thai Airways union backs down, supports bankruptcy restructuring

    The Thai Airways workers union will not oppose the government’s plan to reduce holdings in the airline and petition for restructuring through the bankruptcy court, the union’s president said on Wednesday. The reversal comes after a cabinet decision on …

    Source: Bangkok Post - Neutral
  • Published on May 20, 2020

    State-controlled Thai Airways to seek restructuring

    State-controlled Thai Airways International PCL is to seek a restructuring under Thailand’s bankruptcy law after tourism and travel collapsed because of the COVID-19 pandemic. “We have made a decision for Thai Air to enter the rehabilitation process,” Thai …

    Source: Taipei News.net - Neutral
  • Published on May 20, 2020

    Thai Airways files for bankruptcy protection

    Despite Thai Airways issuing a press statement and taking to social media to deny rumours it intends to file for bankruptcy, various media reports appear to confirm the struggling carrier will file for Chapter 3/1 of the Corporate Reorganisation …

    Source: The Thaiger - Neutral
  • Published on May 19, 2020

    Plan for bankruptcy court-led restructuring of Thai Airways approved

    Thailand's cabinet approved a plan to restructure troubled Thai Airways International Pcl's (THAI.BK) finances through a bankruptcy court, the Southeast Asian country's prime minister said on Tuesday. The plan for a court-led restructuring of …

    Source: Daily Star - Neutral
  • Published on May 19, 2020

    UPDATE 2-Thai govt approves plan for bankruptcy court-led restructuring of Thai Airways

    BANGKOK (Reuters) - Thailand’s cabinet approved a plan to restructure troubled Thai Airways International Pcl’s (THAI.BK) finances through a bankruptcy court, the Southeast Asian country’s prime minister said on Tuesday. FILE PHOTO: Thai Airways airplanes …

    Source: Reuters - Neutral
  • Published on May 19, 2020

    Thai government OKs plan for bankruptcy court-led restructuring of Thai Airways

    BANGKOK (Reuters) - Thailand’s cabinet approved a plan to restructure troubled Thai Airways International Pcl’s finances through a bankruptcy court, the Southeast Asian country’s prime minister said on Tuesday. FILE PHOTO: Thai Airways airplanes park at …

    Source: News (South Africa) - Uncategorized
  • Published on May 19, 2020

    Thai Airways saved from the brink by government

    Image copyright Getty Images Loss-making Thai Airways has been allowed to restructure its debts to keep its planes in the sky. The struggling airline had previously asked for a government bail-out via a 58.1bn baht ($1.81bn, £1.48bn) loan. Instead, Thai …

    Source: BBC - Public Broadcaster
  • Published on May 19, 2020

    Thai govt OKs plan for bankruptcy court-led restructuring of Thai Airways

    (Adds comments from prime minister and Thai Airways, share move) BANGKOK, May 19 (Reuters) - Thailand’s cabinet approved a plan to restructure troubled Thai Airways International Pcl’s finances through a bankruptcy court, the Southeast Asian country’s …

    Source: Reuters - Neutral
  • Published on May 19, 2020

    Gov’t to lose majority Thai Airways share in restructuring

    Bangkok (AP) — Thailand’s Cabinet has approved reducing the government’s stake in financially troubled Thai Airways International to under 50% as part of a reorganization plan to be submitted to bankruptcy court. The airline will lose its status as a state …

    Source: Fostoria Review Times - Uncategorized
  • Published on May 19, 2020

    Cash-strapped Thai Airways to seek restructuring

    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, as the stricken company is battered by the crash in tourism caused by the coronavirus. …

    Source: Phys.org - Neutral
  • Published on May 19, 2020

    Thai Airways survives for now as government orders overhaul

    Thai Airways announced Tuesday that the government has approved its proposal for a sweeping restructuring plan to be overseen by the country's Central Bankruptcy Court. The plan is intended to prevent the company from being dissolved, forced into …

    Source: CNN - Neutral
  • Published on May 19, 2020

    Thailand's Cabinet approves plan for Thai Airways' debt restructuring

    BANGKOK: Thailand's Cabinet approved a plan to bring national carrier Thai Airways International to bankruptcy court for debt restructuring, Prime Minister Prayuth Chan-ocha said on Tuesday (May 19). "It was a difficult decision," he told …

    Source: Channel News Asia - Public Broadcaster
  • Published on May 19, 2020

    Thai cabinet approves plan for Thai Airways bankruptcy court restructuring

    BANGKOK, May 19 (Reuters) - Thailand’s cabinet approved a plan to bring Thai Airways International Pcl to bankruptcy court for debt restructuring, the prime minister said on Tuesday. “It was a difficult decision,” Prime Minister Prayuth Chan-ocha told …

    Source: Reuters - Neutral
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