Thai Central Bankruptcy Court Extends the Submission of THAI’s Rehab Plans to Feb. 4

Thai Airways International Public Company Limited (THAI) has announced that the Central Bankruptcy Court has considered and issued an order approving the extension of the submission period of the rehabilitation plan to February 4, 2021.

The approval came after THAI made a request to the Central Bankruptcy Court for an extension of the limit for submission of the rehabilitation plan by one more month from the previous deadline on January 2, 2021, due to the rehabilitation plan contains several important aspects which require the all-aspect analysis, consideration and formulation of the debt structure, capital structure, and organizational structure. This is in addition to legal issues and contractual obligations with employees, business partners, and debtors; as well as in conjunction with financial estimates, capacity for debt repayment and future business plans.