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Thai Airways gains final approval to embark on restructuring


By Cirium2021-06-16T00:57:00+01:00
Thai Airways International received court approval for its restructuring plan at a 15 June hearing, clearing the final hurdle before implementation of the proposals.
Kitipong Urapeepatanapong, partner at the company’s legal adviser Baker McKenzie, has confirmed to Cirium that Thailand’s Central Bankruptcy Court approved the plan, but did not offer further details.
Source: Wikimedia Commons
A Thai Airways A350-900 at Shanghai Pudong International Airport in June 2019
According to the rehabilitation plan Thai submitted on 2 March, its debts as of 14 September totalled Bt410 billion ($13 billion).
In order to repay these, Thai requires at least Bt50 billion in new credit and loans over a two- to three-year period from the court’s approval of the plan. ....

Chansin Treenuchagron , Kitipong Urapeepatanapong , Pirapan Salirathavibhaga , Central Bankruptcy Court , Ey Corporate Advisory Services , Baker Mckenzie , Thailand Central Bankruptcy Court , Thai Airways International , Advisory Services , Central Bankruptcy , மைய திவால்நிலை நீதிமன்றம் , ரொட்டி சுடுபவர் மகெந்ஸீ , தாய்லாந்து மைய திவால்நிலை நீதிமன்றம் , தாய் வானெறிக்குழுப்பெயர் சர்வதேச , மைய திவால்நிலை ,

Malaysia and Thailand back flag carriers' restructurings | News


By Cirium2021-03-05T07:17:00+00:00
Entities affiliated with the governments of Malaysia and Thailand have in recent days affirmed support for their respective flag carriers, both undergoing court-led restructurings.
Malaysia Airlines Group’s (MAG) sole shareholder Khazanah Nasional, Malaysia’s sovereign wealth fund, said in a 4 March statement announcing its 2020 financial results that it “continues to provide full support and close cooperation in the comprehensive efforts to ensure the national carrier’s sustainability post-pandemic”.
Source: Alfred Chua/FlightGlobal
Malaysia Airlines A330-200 at Taipei Taoyuan Airport. Visit Malaysia special livery
On 22 February, a UK court approved a scheme of arrangement between MAG’s leasing entity MAB Leasing and the majority of MAG’s operating lessors. The scheme was unanimously supported after one final lessor, which previously had faced challenges getting approval from its own financiers, consented to ....

United Kingdom , Prayuth Chan Ocha , Pantip Sripimol , Khazanah Nasional , Santisuk Klongchaiya , Malaysia Airlines , Thai Airasia , Ey Corporate Advisory Services , Malaysia Airline , Enterprise Policy Office , Thai Airways , Stock Exchange Of Thailand , Thai Airways International , Thailand Central Bankruptcy Court , Malaysia Airlines Group , Airlines Group , State Enterprise Policy Office , Stock Exchange , Central Bankruptcy Court , ஒன்றுபட்டது கிஂக்டம் , பிரயுத் சான் ஓச் , மலேசியா விமான நிறுவனங்கள் , மலேசியா வானெறி , நிறுவன பாலிஸீ அலுவலகம் , தாய் வானெறிக்குழுப்பெயர் , ஸ்டாக் பரிமாற்றம் ஆஃப் தாய்லாந்து ,