Thai Airways will submit its proposed rehabilitation plan to Thailand’s central bankruptcy court on March 2 after the flag-carrier’s request to postpone the submission was approved again.
Two Southeast Asian flag-carriers are moving closer to completing major restructuring efforts that will help them reduce debt commitments and operate efficiently once demand returns.
Thai Airways has put a total of 34 aircraft up for sale, including all of its Boeing 747-400, 777-200 and 777-300, as the flag-carrier turns to more fuel-efficient aircraft for the handful of international flights it now operates.
Targeting Thailand’s religious and predominately Buddhist population, Thai Airways has announced a pilgrimage flight-to-nowhere event that will see an aircraft fly over 99 sacred sites while passengers say Buddhist prayers onboard.
Southeast Asia’s airline industry is being shaken up by a wave of restructuring programs prompted by the COVID-19 crisis, with most of the region’s flag-carriers looking to downsize to survive.
With its aircraft still grounded and borders closed, Thai Airways is trying to think out of the box, introducing a host of new alternative revenue streams with wheels still firmly on the ground.
After three hearings in August, Thailand’s central bankruptcy court has now approved Thai Airways’ rehabilitation request, allowing the airline to begin its restructuring.
Thai Airways and the country’s major state-owned airport operator Airports of Thailand (AOT) are considering a joint venture to keep essential air transport services running.
Following a board meeting July 1, Thai Airways has appointed board member Chansin Treenuchagron as the flag-carrier’s new acting president, the second in three months.
Thai Airways has made sweeping changes to its board as it begins its restructuring and the government has reduced its majority stake in the carrier to ease the process.
The Thai government has approved the plan to bring flag-carrier Thai Airways to the central bankruptcy court, setting a “rehabilitation” plan into motion.
The Thai State Enterprise Policy Committee (SEPC) has approved a THB58 billion ($1.8 billion) loan for Thai Airways as the debt laden flag-carrier grapples with prolonged travel disruption from the COVID-19 outbreak.
After missing a March 6 deadline to submit its proposal for an MRO joint venture with Thai Airways at U-Tapao Airport, Airbus has also failed to meet the new deadline of April 20.
Airlines flying from “disease infected zones” to Thailand must now obtain health certificates from passengers confirming they are not infected with the COVID-19 coronavirus before they are allowed to board flights to the country.
Routesonline provides an update on the operations of the Airbus A380. We also reveal the network size of each operator and the top destinations served by the aircraft type.
Routesonline provides an update on the operations of the Airbus A380. We also reveal the network size of each operator and the top destinations served by the aircraft type.
Routesonline provides an update on the operations of the Airbus A380. We also reveal the network size of each operator and the top destinations served by the aircraft type.
