Written by Sebastian Powell @ LoyaltyLobby
THAI has moved closer towards reorganization of some form as the Central Bankruptcy Court in Bangkok has just approved Thai Airways Debt Rehabilitation Plan as agreed to and proposed by the creditors. There has been no general haircut on debt and THAI can’t look to the government for additional money or even loan guarantees as […]
Category: Thai Airways Bankruptcy
Thai Airways Creditors Sign Off On Debt Restructuring Plan, Push For Government Support
Written by Sebastian Powell @ LoyaltyLobby
Thai Airways creditors have just signed off on the airlines debt restructuring plan while the airline continues to undergo bankruptcy proceedings in a Bangkok courtroom. One caveat however is that this plan includes a call for government support in order to back new loans in order to restart and operate the airline, something which has […]
Thai Government Will Not Recapitalize Or Guarantee Thai Airways Finances, Creditors To Meet This Week
Written by Sebastian Powell @ LoyaltyLobby
Thai Airways can not look to the Thai Government for additional money or even loan guarantees as it’s creditors will meet this week to decide about the next steps in the carriers path. Creditors are meeting on Wednesday to decide whether to accept the airline’s debt restructuring plan which might present a point of reckoning […]
Thai Airways Unions Oppose Calls To Dissolve The Company And Form A New National Airline
Written by Sebastian Powell @ LoyaltyLobby
The never ending saga around Thai Airways that is currently seeking reorganization in Thailand’s bankruptcy courts goes into another round as calls mount to dissolve the airline and form a new company. This new discussion has prompted an outcry from unions who argue that THAI is a strong national symbol and the investments so far […]
Thai Airways Royal Orchid Plus Partners Keep Hawking Their Rather Worthless Credit Cards
Written by Sebastian Powell @ LoyaltyLobby
The financial partners of Thai Airways Royal Orchid Plus are maintaining a strong presence in the Thai market and have actually increased their marketing efforts in recent months trying to new customers. It’s no secret that customers can do almost nothing with their ROP miles at the moment especially since 99% of Thai Airways flights […]