Friday, 22, May, 2026
 
 
 
Expand O P Jindal Global University
 
Recent News

Thai Airways says Court hearing on business restructuring moved to mid-June


Thai Airlines.jpg
28 May 2021
Categories: International News

Thai Airways International Plc said that the Central Bankruptcy Court will decide on its restructuring proposal on June 15, after Friday's hearing was postponed to allow for the assessment of complaints filed by creditors against the plan.

"Creditors filed two complaints against the restructuring plan, which the court accepted," the airline said in a statement.

"The Central Bankruptcy Court will suspend the review to allow planners and creditors to clarify the issues."

Earlier this month, THAI creditors' approved a restructuring plan before it was sent to the bankruptcy court for review.

The plan seeks to restructure 245 billion baht of debt through payment extensions, interest waivers, and debt-to-equity conversions.

The airline was in difficulty well before the coronavirus pandemic grounded flights across the globe, booking losses nearly every year after 2012.

Source Link

 



Download the LatestLaws.com Mobile App
 
 
Latestlaws Newsletter
 

Publish Your Article

 

Campus Ambassador

 

Media Partner

 

Campus Buzz

 

LatestLaws Guest Court Correspondent

LatestLaws Guest Court Correspondent Apply Now!
 

LatestLaws.com presents: Lexidem Offline Internship Program, 2026

 

LatestLaws.com presents 'Lexidem Online Internship, 2026', Apply Now!

 
 

LatestLaws Partner Event : IJJ

 

LatestLaws Partner Event : MAIMS

 
 
Latestlaws Newsletter