Thai Airways debt restructuring gets approval from court
Cash-strapped flag carrier Thai Airways International has secured court approval for its proposed debt restructuring.
The Central Bankruptcy Court gave the go-ahead for the airline’s restructuring.
With debts of more than $7 billion, there is a lot of work ahead to get its finances back on track.
"The court’s debt rehabilitation approval is just a tiny step. It’s an uphill task to come up with a debt plan that would satisfy banks, aircraft lessors, suppliers and other lenders," Chanchai Chaiprasit, CEO of PwC Thailand told the Bangkok Post.
According to the airline’s acting president Chansin Treenuchagron, more than half of creditors support its debt restructuring plan.
The airline had major financial strife even before the Covid-19 pandemic.
It had only turned a profit once since 2012.
Since filing for bankruptcy, the Thai government reduced its stake in the airline to less than half, which ended its status as a state-owned enterprise.
Written by Ray Montgomery, Asia Pacific editor
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Hands In, UATP join forces for airline multi-card payments
Overseas travelers to the United States declined by 2.5% in 2025