Tag: Bankruptcy
Miss Universe owner files for bankruptcy in Thailand
The Thai media company that owns the Miss Universe beauty pageant brand said on Thursday it has filed for bankruptcy while it tries to resolve [Read More…]
Thai Airways Names New CEO Amid Restructuring Plan
BANGKOK (NNT) – Thai Airways International PCL on Friday (26 Nov) said Chai Eamsiri would become the company’s chief executive from February 1, as it [Read More…]
Thai Airways seeks court approval for its revised rehabilitation plan
Thai Airways International submitted a petition to the Central Bankruptcy Court on July 1st, seeking to revise its rehabilitation plan, after the flag carrier improved [Read More…]
Thai AirAsia X Will Refund Bookings Made During Pandemic
BANGKOK (NNT) – Thai AirAsia X has affirmed it will refund all paid bookings made in the previous two years, despite filing for bankruptcy. Thai [Read More…]
Ailing Thai insurance company confirms it is still operating
A major insurance company struggling with massive losses over COVID-19 compensations clarified today (Thursday) that it is still operating as usual, amid widespread concern among [Read More…]
Thai Airways Rehabilitation Plan Approved
BANGKOK, June 15 (TNA) – The Central Bankruptcy Court approved a rehabilitation plan for Thai Airways International (THAI) and thus five plan administrators can start [Read More…]
Creditors approve Thai Airways restructuring plan
Thai Airways International (THAI)’s restructuring plan was approved by creditors yesterday (Wednesday), holding 91.56% of the carrier’s combined debts. The airline’s creditors, who met via [Read More…]
THAI airways plans to cut staff by 50% or staff costs by 18 billion baht annually over next 2 years
After two postponements, Thai Airways International submitted its rehabilitation plan to the Legal Execution Department officials today (Tuesday), under which the debt-ridden national flag carrier [Read More…]
