Court accepts THAI s recovery plan bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
The Central Bankruptcy Court will rule on Thai Airways International Plc's (THAI) deb-rehabilitation plan on June 15 after suspending yesterday's hearing to allow for the assessment of complaints filed by creditors against the plan.
THAI creditors approve debt restructuring plan
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published : 20 May 2021 at 06:00 Thai Airways aircraft remain grounded at Suvarnabhumi airport in Samut Prakan province. (Photo: Apichit Jinakul)
Thai Airways International s (THAI) creditors on Wednesday formally approved the airline s debt rehabilitation plan which emphasises the state s role in helping the struggling flag carrier access fresh cash injections.
The creditors approved the plan in a vote which had been postponed from last week to allow them to study some last-minute tweaks to the plan.
Twenty-eight out of the 36 groups, representing 13,000 creditors which hold some 116 billion baht of THAI s debts, casted votes in favour of the plan, after chapters 4, 13 and 15 of the plan were amended.