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Meeting on THAI’s rehab plan delayed by a week

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The online meeting between the Legal Execution Department and creditors to vote on Thai Airways (THAI)’s rehabilitation plan was postponed by a week to May 19.

The move came after 20 creditors, who are owed THB32.61 billion or 24.40 per cent of THAI’s total THB133.70 billion debt, asked for the meeting to be postponed as they did not have time to study the most recent version of the rehabilitation plan.

The revised version of the plan was submitted on Tuesday afternoon and the meeting was scheduled to be held the following day.

The creditors who asked for the meeting to be postponed are:

• Federation of Savings and Credit Cooperatives of Thailand

• Thammasat University Savings and Credit Cooperative

• Chulalongkorn University Savings Cooperative

• Kasetsart University Savings and Credit Cooperative

• Electricity Generating Authority of Thailand Saving and Credit Cooperative

• Provincial Electricity Authority Employees Saving and Credit Cooperative

• Thai Airways International Employees Saving Cooperative

• Hatyai Hospital Saving and Credit Cooperative

• The Rubber Authority of Thailand Saving and Credit Cooperative

• PTT Saving and Credit Cooperative

• Department of Fisheries Saving and Credit Cooperative

• Comptroller General's Department Saving and Credit Cooperative

• Prince of Songkhla University Saving and Credit Cooperative

• Credit Union League of Thailand

• Government Pharmaceutical Organisation Saving and Credit Cooperative

• Chevron (Thailand)

• GE Energy Services

• Ocean Life Insurance

• Thanachart Bank

• General Electric

Published : May 13, 2021

By : The Nation