Decided: Thai Airways Goes Into Rehabilitation Via Bankruptcy Court Proceedings

The hammer has come down on Thai Airways although not as drastic as it could have been as the government decided to send the airline through the bankruptcy process. THAI will undergo “rehabilitation” which means vast restructuring, debt management and loss of state enterprise status as the Finance Ministry will sell 3% of it’s shares … Continue reading Decided: Thai Airways Goes Into Rehabilitation Via Bankruptcy Court Proceedings