Connect with us


Thai Airways takes action to protect its planes from seizure

Jack Burton



PHOTO: Facebook

Struggling national flag carrier Thai Airways is petitioning 3 countries to protect its assets, including aircraft, from seizure by creditors. Government spokeswoman Narumon Pinyosinwat made the announcement yesterday. The cabinet was informed about the filing of debt rehabilitation requests in foreign countries by Deputy PM Wissanu Krea-ngam, who chairs the committee tasked with coordinating a solution to the airline’s problems.

The airline has petitioned courts in Switzerland, Germany and Japan, and submitted a similar request in the US, where its creditors are based. The petitions, if approved, will protect the company against its aircraft being impounded overseas.

The cabinet learned yesterday that the airline racked up 12 billion baht in debt last year alone, bringing up its total outstanding debt to 244 billion baht. It has fixed expenses of between 5-6 billion baht a month, and without a liquidity boost, will only have enough cash to survive until the end of June.

The rehabilitation plan is being drawn up by 5 members of its board, which includes former president Piyasvasti Amranand, under the supervision of Thailand’s bankruptcy court. Along with EY Corporate Advisory Services, they will have “the authority and duty in managing the business and assets of the company.”

In a related development, Thai Airways has announced it is relaunching international flights from August 1, with the following flights scheduled. At this stage the government and Civil Aviation Authority have made no official announcement about the re-opening of international borders of the resumption of flights. A ban on international flights remains in force until at least the end of June.

  • Bangkok-Auckland: Three weekly from 03-Aug-2020
  • Bangkok-Beijing Capital: Twice weekly from 02-Aug-2020
  • Bangkok-Brisbane: Three weekly from 02-Aug-2020
  • Bangkok-Delhi: Daily from 01-Aug-2020
  • Bangkok-Denpasar: Three weekly from 01-Aug-2020
  • Bangkok-Dhaka: Five weekly from 01-Aug-2020
  • Bangkok-Guangzhou: Twice weekly from 01-Aug-2020
  • Bangkok-Hanoi: Daily from 01-Aug-2020
  • Bangkok-Ho Chi Minh City: Daily from 01-Aug-2020
  • Bangkok-Hong Kong: Daily from 01-Aug-2020
  • Bangkok-Islamabad: Four weekly from 01-Aug-2020
  • Bangkok-Jakarta: Three weekly from 03-Aug-2020
  • Bangkok-Karachi: Four weekly from 01-Aug-2020
  • Bangkok-Kuala Lumpur: Five weekly from 02-Aug-2020
  • Bangkok-Lahore: Four weekly from 01-Aug-2020
  • Bangkok-Manila: Four weekly from 02-Aug-2020
  • Bangkok-Melbourne: Five weekly from 01-Aug-2020
  • Bangkok-Nagoya: Three weekly from 01-Aug-2020
  • Bangkok-Osaka Kansai: Three weekly from 01-Aug-2020
  • Bangkok-Perth: Three weekly from 02-Aug-2020
  • Bangkok-Phnom Penh: Daily from 01-Aug-2020
  • Bangkok-Seoul Incheon: Six weekly from 01-Aug-2020
  • Bangkok-Shanghai Pudong: Twice weekly from 02-Aug-2020
  • Bangkok-Singapore: Four weekly from 02-Aug-2020
  • Bangkok-Sydney: Five weekly from 01-Aug-2020
  • Bangkok-Taipei Taoyuan: Daily from 01-Aug-2020
  • Bangkok-Tokyo Haneda: Four weekly from 01-Aug-2020
  • Bangkok-Tokyo Narita: Four weekly from 01-Aug-2020
  • Bangkok-Vientiane: Daily from 01-Aug-2020
  • Bangkok-Yangon: Daily from 01-Aug-2020
  • Bangkok – London Heathrow service will be reintroduced 1 August with a daily 777-300ER.
  • Bangkok-Paris: The airline has now postponed the launch from 17 July to 1 August offering three weekly flights using a 777-300ER.
SOURCE: Bangkok Post


Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram


Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Jack Burton is an American writer, broadcaster, linguist and journalist who has lived in Asia since 1987. A native of the state of Georgia, he attended the The University of Georgia's Henry Grady School of Journalism, which hands out journalism's prestigious Peabody Awards. His works have appeared in The China Post, The South China Morning Post, The International Herald Tribune and many magazines throughout Asia and the world. He is fluent in Mandarin and has appeared on television and radio for decades in Taiwan, Mainland China, Hong Kong and Macau.

Follow Thaiger by email:

Thailand2 hours ago

Family finds long lost man after he is rescued from 17 metre well

Coronavirus (Covid-19)4 hours ago

16 new dark red provinces and restrictions extended to Aug 16

Hua Hin5 hours ago

Hua Hin Maya Club execs get 3 months for superspreader event

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Myanmar7 hours ago

Thai candidate selected as ASEAN envoy to Myanmar

Coronavirus (Covid-19)8 hours ago

Foreigners able to register on vaccine site despite data leaks, glitches

Thailand8 hours ago

Covid UPDATE: 18,027 infections, provincial totals

Join the conversation on the Thaiger Talk forums today!
Thailand17 hours ago

Covid UPDATE Sunday: 18,027 infections, expat vaccine registration

Transport23 hours ago

August flight plans: Bangkok Airways, Nok Air, Thai Lion

Coronavirus (Covid-19)1 day ago

New site for foreigner vaccine; Mor Prom deletes appointments

Politics1 day ago

Facebook fake news post suggesting a coup faces prosecution

Koh Samui1 day ago

UPDATED: Samui Covid-19: 14 new Black Club infections, 2nd small cluster

Thailand1 day ago

40,000 cases a day could happen by September, says projection

Phuket1 day ago

Phuket Sandbox Covid-19 infections: 35 today, 209 this week

Thailand1 day ago

Prayut says he will not resign, warns politicians to behave

Thailand1 day ago

Bangkok Train market to possibly close for good

Thailand5 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism5 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket5 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism5 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand5 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism5 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand6 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand6 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand7 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand7 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand7 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand7 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand7 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand7 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand7 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8