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Thai Airways creditors approve restructuring plan

Thai Airways creditors approve restructuring plan Toggle share menu Advertisement Thai Airways creditors approve restructuring plan Thai Airways International s creditors have voted to approve the airline s restructuring plan, its legal advisor said on Wednesday. FILE PHOTO: A Thai Airways Boeing 777-300ER plane takes off from Bangkok s Suvarnabhumi Airport February 23, 2015. REUTERS/Chaiwat Subprasom 19 May 2021 03:53PM Share this content Bookmark BANGKOK: Thai Airways International s creditors have voted to approve the airline s restructuring plan, its legal advisor said on Wednesday. Ninety percent of creditors voted to approve the plan, Kitipong Urapeepatanapong told Reuters, adding a court will need to review the plan on May 28. Last year, a court approved the troubled airline s request for bankruptcy protection and debt restructuring.

Creditors of Thai Airways approve reorganization plan

ABC News Turn on desktop notifications for breaking stories about interest? OffOn Creditors of Thai Airways approve reorganization plan Thai Airways International has announced in a filing to the Stock Exchange of Thailand that creditors holding 91.56% of the airline’s debt have approved the company s reorganization plan ByThe Associated Press • 2 min read Email this article BANGKOK Creditors of Thai Airways International holding 91.56% of the airline’s debt have approved a business reorganization plan, the company announced Wednesday in a filing to the Stock Exchange of Thailand. The plan, including three amendments added in consultation with the creditors, now needs final approval by Thailand’s Central Bankruptcy Court on May 28.

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