THAI is listed on the stock market and has been in financial trouble for many years, and now, with the Covid-19 crisis, things have become worse. AsiaNewsNetwork
The airline will be able to continue operating while its debts and businesses are being restructured, and it will not have to service debts during that time.
Some sources suggested that the government file the case in the United States in order to stop foreign creditors seizing THAI airplanes when they land on foreign soil. “The union agrees with the plan to rehabilitate via the Bankruptcy Court’s process, but we do not agree with the proposal to reduce the Finance Ministry’s stake by 2 per cent,” he said.The Finance Ministry currently holds a 51.03 per cent stake in the airline, but if its holding is cut to below 50 per cent, THAI will no longer be a state enterprise.
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