Thai Airways Exits Debt Restructuring, Plans Stock Trading Resumption

🗝️ Key Points

• Thai Airways International announced its exit from a debt restructuring plan, with plans to resume stock trading by early August.
• The airline underwent bankruptcy protection in 2020, during which it halved its workforce and streamlined its fleet.Since 2023, Thai Airways has Reported consecutive quarterly.
• The company aims to enhance its international aviation capabilities and position Thailand as a regional aviation hub.Court documents reveal that Thai Airways owed creditors.

Thai Airways International announced its exit from a debt restructuring plan, with plans to resume stock trading by early August. The airline underwent bankruptcy protection in 2020, during which it halved its workforce and streamlined its fleet.

Since 2023, Thai Airways has reported consecutive quarterly operating profits, marking a significant turnaround for a company that had been posting losses almost annually since 2012. The company aims to enhance its international aviation capabilities and position Thailand as a regional aviation hub.

Court documents reveal that Thai Airways owed creditors approximately 190 billion baht ($5.86 billion), of which 94 billion baht has been repaid. The remaining debt is Scheduled to be settled over the next decade.

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