Thai Airways International Pcl wins court approval for restructuring plan

On Tuesday, a legal adviser to Thai Airways International Pcl said, it has won court approval for a restructuring plan; the development comes when the airline is under bankruptcy protection and is seeking a turnaround of its fortunes.

The Central Bankruptcy Court in Bangkok gave approval, which allows the plan to move forward, said Somboon Sangrungjang.

Last month, creditors of the airline had approved a $7.87 billion (245 billion baht) restructuring plan of its debt, but a court hearing was postponed following the filing of two complaints.

($1 = 31.1300 baht)



Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

Tags: , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: