Simple Flying - Graham Snelgrove

It was announced on Thursday [14 May 2020] that struggling Thai Airways International (THAI) could file for bankruptcy as an option to enable its rehabilitation. Ministers have discussed plans to save the national carrier, but ultimately the decision will be made by the cabinet.

In a report by the Bangkok Post, Thailand’s Finance Minister, Uttama Savanayana, said that the government could be open to the option of THAI filing for bankruptcy. Rehabilitation of the airline, in which the government is a 51% shareholder, could be enabled by an order from the bankruptcy court, or by the State Enterprise Policy Committee approving a rehabilitation plan...more

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