Tag Archives: Thai Airways Restructuring

Thai Airways’ debt trouble Restructuring Plan, Thailand’s Cabinet had approved

Thai Airways headed for bankruptcy protection

Thai Airways is facing losses since 2013 (except 2016), and In 2019, it reported losses of 12.04 billion baht. Now in the Pandemic Covid-19, the company facing even more trouble when most of their capacity as air travel being grounded. It had been in trouble even before the outbreak of the coronavirus due to stiff competition from budget airlines. Continue reading