Mon, November 29, 2021

business

THAI insists rehab plan on track


Thai Airways International (THAI) on Wednesday insisted its rehabilitation plan is progressing without interruption under Bankruptcy Court supervision.

The announcement came after the court granted THAI’s request to extend the deadline for submission of the plan from January 2 to February 4.

Acting THAI president Chansin Treenuchagron explained the rehab plan involved many creditors and complex issues that required consultation from experts and professional advisers before its submission.

The court approved the airline’s rehabilitation petition on September 14 last year and appointed seven rehab planners nominated by the airline.

Chansin said the planners were making good progress, while THAI management and staff were cooperating towards their efforts.

 

Published : January 13, 2021

By : The Nation