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Thai Airways seeks court approval for its revised rehabilitation plan

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Thai Airways International submitted a petition to the Central Bankruptcy Court on July 1st, seeking to revise its rehabilitation plan, after the flag carrier improved [more…]

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Thai AirAsia X Will Refund Bookings Made During Pandemic

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BANGKOK (NNT) – Thai AirAsia X has affirmed it will refund all paid bookings made in the previous two years, despite filing for bankruptcy. Thai [more…]

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Ailing Thai insurance company confirms it is still operating

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A major insurance company struggling with massive losses over COVID-19 compensations clarified today (Thursday) that it is still operating as usual, amid widespread concern among [more…]

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Creditors approve Thai Airways restructuring plan

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Thai Airways International (THAI)’s restructuring plan was approved by creditors yesterday (Wednesday), holding 91.56% of the carrier’s combined debts. The airline’s creditors, who met via [more…]

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THAI airways plans to cut staff by 50% or staff costs by 18 billion baht annually over next 2 years

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After two postponements, Thai Airways International submitted its rehabilitation plan to the Legal Execution Department officials today (Tuesday), under which the debt-ridden national flag carrier [more…]