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Thai Airways aims for 2024 completion of restructuring

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BANGKOK : Thai Airways International Pcl expects to complete its corporate restructuring in two years as the airline's performance gradually improves and global travel resumes, its restructuring committee chief said on Friday. Cabin factor, a measure of how well an airline does in filling seats, reached 7

BANGKOK : Thai Airways International Pcl expects to complete its corporate restructuring in two years as the airline's performance gradually improves and global travel resumes, its restructuring committee chief said on Friday.

Thai Airways entered bankruptcy last year to restructure 400 billion baht of debt and previously sought 50 billion baht of loans for liquidity. The overhaul included re-hiring Piyasvasti, who was its president in a previous effort to steer the flag carrier out of financial trouble a decade ago.

 

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