Thai Airways International won’t go bankrupt: PM

BANGKOK, Jan 26 – Prime Minister Prayut Chan-o-cha insisted that he would not let Thai Airways International (THAI) go into bankruptcy but it must cut expenses, increase income, sell assets and restructure its organisation.

After chairing a meeting of the State Enterprise Policy Commission at Government House today, Gen Prayut said solutions were discussed regarding survival of loss-ridden state enterprises and resolved that four or five state enterprises would undergo rehabilitation steps including restructuring and legal amendments to support their operations.

Read more: MCOT