Thai Airways union says it won’t oppose bankruptcy proceedings “We opposed this position before but after reexamination, we have to show creditors that Thai Airways will genuinely follow the restructuring plan. Including adjustments to the board and staff.” In an abrupt reversal, the president of Thai Airways’ labour union announced yesterday that the union won’t…
Thai Airways files for bankruptcy protection Despite Thai Airways issuing a press statement and taking to social media to deny rumours it intends to file for bankruptcy, various media reports appear to confirm the struggling carrier will file for Chapter 3/1 of the Corporate Reorganisation section of the Bankruptcy Act. This is the Thai equivalent…
“Thai Airways will survive”. Emergency meeting next Wednesday. “Thai Airways will not collapse. The fact that Deputy PM Somkid stepped in to handle the issue means the government will rescue it.” It’s no secret that Thailand’s national carrier has been a financial basket case for over a decade, bleeding money and marketshare as the years…
Bangkok Airways cancels all domestic flights from April 7 Bangkok Airways has announced today that they will cancel all it domestic flights from April 7 – 30. The company’s vice president, Tresarum Sitakalin says the flights that are being cancelled are… Bangkok – Chiang Mai Bangkok – Phuket Bangkok – Trat Bangkok – Sukhothai Bangkok…