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Thai Airways rehabilitation plan accepted by Bankruptcy Court

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The debt rehabilitation plan of Thai Airways International has been accepted by Thailand’s Central Bankruptcy Court, paving the way for the survival of the company. The CBC’s acceptance of the plan is the first step in the debt restructuring process for the struggling airline. In this plan, the state would play an instrumental role in aiding Thai Airways to get loans. The plan was hashed out with the airline’s creditors on May 19, when they held a meeting to officially greenlight the plan, but just now gained approval by the CBC. The process would involve 2 executives for the airline, […]

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