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 […]
Category: Thai Airways Creditors
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 […]