They are the first to women to take part in a partnership between Saudi Arabia and Kiwi company Airways International to train air traffic controllers.
25 May 2021 BY Reuters
Thai Airways International s creditors have voted to approve the airline s restructuring plan, the flag carrier said on Wednesday, as it seeks to recover from financial problems suffered long before the coronavirus pandemic.
Last year, a court-approved the airline s request for bankruptcy protection and debt restructuring worth about 245 billion baht ($7.80 billion)
The plan will allow for an extension on bond payments, interest, and the option for debt-to-equity conversion, said Somboon Sangrungjang of law firm Kudun and Partners, which represents creditors including 87 savings cooperatives.
The creditors proposed the appointment of finance ministry official Pornchai Thirawet, acting Thai Airways CEO Chansin Treenuchagron and former chief Piyasvasti Amranand, as plan administrators, the airline said on Wednesday.
Shares recover in volatile week for dollar, crypto
published : 22 May 2021 at 04:00
Recap: Global shares rose yesterday amid optimism fed by strong US economic and earnings reports, while Covid restrictions receded in some countries. The upturn capped a volatile week in which worries about inflation and an early US interest-rate hike pushed the dollar near a three-month low, the cryptocurrency market tanked while gold and silver shone as safe-haven assets.
The SET index moved in a range of 1,529.69 and 1,570.37 points this week before closing yesterday at 1,552.44, up by 0.19% from the previous week, in daily turnover averaging 90.25 billion baht.
Retail investors were net buyers of 4.95 billion baht, institutional investors bought 1.73 billion and brokerage firms purchased 1.49 billion baht worth of shares. Foreign investors were net sellers of 8.18 billion baht.
THAI creditors approve debt restructuring plan
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published : 20 May 2021 at 06:00 Thai Airways aircraft remain grounded at Suvarnabhumi airport in Samut Prakan province. (Photo: Apichit Jinakul)
Thai Airways International s (THAI) creditors on Wednesday formally approved the airline s debt rehabilitation plan which emphasises the state s role in helping the struggling flag carrier access fresh cash injections.
The creditors approved the plan in a vote which had been postponed from last week to allow them to study some last-minute tweaks to the plan.
Twenty-eight out of the 36 groups, representing 13,000 creditors which hold some 116 billion baht of THAI s debts, casted votes in favour of the plan, after chapters 4, 13 and 15 of the plan were amended.