Thai Airways heads for restructuring via bankruptcy court
Governments worldwide have ploughed more than $85bn into airlines after the coronavirus pandemic wiped out travel demand
Bangkok — State-run Thai Airways is a step closer to restructuring via a bankruptcy court after a key government panel backed the plan, which is due for consideration by the cabinet on Tuesday.
A committee that oversees policies for state enterprises agreed the airline should seek such a rehabilitation, government spokesperson Narumon Pinyosinwat said in Bangkok on Monday. Restructuring via a bankruptcy court is not the same thing as filing for bankruptcy and being wound up, she said...