Bangkok’s Central Bankruptcy Court has rejected a bid by Thailand’s Ministry of Finance for an additional two administrators to help manage the business rehabilitation process at Thai Airways International (TG, Bangkok Suvarnabhumi).

During a January 22 hearing, the court said the current three administrators were doing an acceptable job. The ministry, which remains Thai’s top shareholder after a recent debt-to-equity conversion process and a fresh share issuance, had wanted to add officials from the…

Source: ch aviation
Read more: Court says no extra administrators for Thai Airways