The Covid-19 pandemic has forced several international airlines to file for bankruptcy and enter administration in order to not only stay afloat but also as a way to pay off continuously-piling debts as the severe decrease in passenger numbers and highly-restrictive border closures have resulted in decreasing revenues earned for these airlines. Thai Airways has been no exception, having gone into administration in 2020 and just recently, having gotten the majority of its creditors onboard for a rehabilitation plan last…
Thai Airways International managed to get its creditors' approval on May 19 for a proposed restructuring plan that would help the airline refinance its debt in an effort to stay afloat and remain financially viable long-term, Nikkei reported. In order for the seal of approval to be given, the restructuring…
Following the report of a huge loss in the second quarter, the state run Thai Airways has announced some new strategies. Earlier, Thai Airways reported a loss of $221 million for April to June, a 122 percent increase compared to the same period last year. The airline blamed several factors,…
Following the report of a huge loss in the second quarter, the state run Thai Airways has announced some new strategies. Earlier, Thai Airways reported a loss of $221 million for April to June, a 122 percent increase compared to the same period last year. The airline blamed several factors,…
