By The Nation
This is the second time the debt-ridden carrier has asked for a deadline extension. Previously, the court granted THAI’s request to postpone deadline from January 2 to February 4. By law, the carrier can postpone its submission only twice.
According to a THAI source, the airline will ask the court to extend the deadline to March 3. The company needs more time to forge a rehab plan that creditors can be confident in, said the source.