The restructuring administrators of Thai Airways International (TG, Bangkok Suvarnabhumi) have told Bangkok’s Central Bankruptcy Court that they have successfully implemented the airline’s business rehabilitation plan and, accordingly, have formally petitioned the court to exit the rehabilitation process. Thai Airways reported the update via an April 28 Stock Exchange of Thailand filing.
The plan administrators who, along with the court, have overseen Thai’s progress through the local equivalent of Chapter 11, say…
Source: ch aviation
Read more: Thai Airways initiates exit from business rehabilitation