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 Debt
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 […]