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Thai Airways Exits Debt Restructuring Plan With Court Approval
The Straits Times
|June 17, 2025
Thai Airways International won court approval to exit a debt restructuring programme, paving the way for resumption of trading in its stocks after a four-year gap.
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BANGKOK - Thai Airways International won court approval to exit a debt restructuring programme, paving the way for resumption of trading in its stocks after a four-year gap.
The Central Bankruptcy Court in Bangkok on June 16 granted the national carrier's plea to emerge from the court-supervised debt rehabilitation. The airline successfully completed the restructuring as it managed to increase capital as specified under the plan, restructure its business without any delay and generate profit before tax, the court said in a statement.
The exit will now allow the company to carry out normal business operations five years after it fell into pandemic-triggered financial distress with more than 400 billion baht (S$15.7 billion) of debt.
Dit verhaal komt uit de June 17, 2025-editie van The Straits Times.
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