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  1. #1
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    RSS Feed Thai Airways saved from the brink by government

    It looks like that Thai airways is going bust.

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    Moderator Tobias's Avatar
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    Where have you seen that? All I’ve seen is that Thai may enter what is called ‘rehabilitation’, which is similar to administration in UK law.

    More info here: https://www.bangkokpost.com/business...ption-for-thai
    Tobias - โทเบียส
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    Quote Originally Posted by Tobias View Post
    Where have you seen that? All I’ve seen is that Thai may enter what is called ‘rehabilitation’, which is similar to administration in UK law.

    More info here: https://www.bangkokpost.com/business...ption-for-thai
    Google news

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    Veteran ผู้มีประสบการณ์ prikphet's Avatar
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    However you call it, their in deep do-do - as I understand the Government 'invest' lots of peoples hard earned taxes into this dead duck, saving face ?

    https://simpleflying.com/thai-airway...ruptcy-option/

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    Moderator Tobias's Avatar
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    Yes prikphet, the term 'bankruptcy' is misleading. It looks like the intention is to enter in to a period of 'rehabilitation' - a process similar to 'administration' in the UK or 'Chapter 11 Bankruptcy' in the USA. The rules for this type of procedure fall under the insolvency laws, hence why the term bankruptcy is often used in this context.

    The term doesn't mean the company has gone bust, 'administration' (or 'rehabilitation' or 'Chapter 11') is legal process that grants a company temporary protection from its creditors when it finds itself in financial difficulty to allow the company time to reorganise itself in an attempt to resolve its debt and/or cash flow problems.
    Tobias - โทเบียส
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    Premium Member caller's Avatar
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    Report from the Thai Enquirer about This:

    'The State Enterprise Policy Office (SEPO) approved, on Monday, Thai Airways International (THAI)’s rehabilitation plan which will allow it to file for a bankruptcy.'


    I have no idea about these things, but the report does provide a swathe of financial data at it's end.

    https://www.thaienquirer.com/13140/t...ghted-by-sepo/
    Last edited by Tobias; 18th May 2020 at 14:16. Reason: Fixed hyperlink to article
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  7. #7
    RSS Feed Bot T-UK's Avatar
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    RSS Feed Thai Airways saved from the brink by government

    Thailand's national carrier had been waiting for the government to approve its restructuring plan.

    Read full article ...

    (This post was generated automatically by Thailand-UK.com from the BBC News Business RSS Feed)

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