Thai Airways gets court approval for restructuring
Thai Airways finally got court approval to restructure its ailing business operations. The Central Bankruptcy Court endorsed the proposal, which is backed by most creditors, including main backer Thailand’s Ministry of Finance.
Its plans include halving its workforce, sell off real estate assets and secure about THB50 billion in new capital. Overall, it plans to restructure more than $5 billion of debt. It needs to secure new loans as soon as possible as operating revenue can’t cover the operating costs, said CFO Chai Eamsiri.
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.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































Qatar Airways offers reduced timetable to over 60 destinations
Hands In, UATP join forces for airline multi-card payments
AirlineRatings reveals world's safest airline rankings for 2026
Vietnam warns airlines of possible flight reductions amid jet fuel shortages
Fliggy opens AI-powered travel bookings and developer tools