© Reuters. FILE PHOTO: Thai Airways aircraft are parked on the tarmac at Bangkok’s Suvarnabhumi International Airport March 27, 2015. REUTERS/Athit Perawongmetha/File Photo
BANGKOK (Reuters) – Thai Airways International Pcl won court approval on Tuesday for a restructuring plan, a legal adviser to the company’s creditors told Reuters, as the airline that is already under bankruptcy protection seeks to turn around its fortunes.
The Central Bankruptcy Court in Bangkok gave approval, which allows the plan to move forward, Somboon Sangrungjang said. The airline’s creditors last month approved the plan to restructure 245 billion baht ($7.87 billion) of its debt, but a court hearing was postponed after two complaints were filed.($1 = 31.1300 baht)
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Be the first to comment