Thai Airways International has announced its formal exit from the court-supervised debt restructuring programme, with plans to resume trading on the stock exchange by early August. The move marks a significant milestone in the flag carrier’s recovery following years of financial turbulence.
The national airline of Thailand entered bankruptcy-protected rehabilitation in 2020, a move that involved a sweeping reduction in operational costs including halving its workforce and scaling down its fleet.
Since the beginning of 2023, Thai Airways has consistently reported operating profits every quarter—a notable shift from its prolonged period of losses dating back to 2012.
As outlined in a court ruling, the airline held debt obligations totalling approximately 190 billion baht (US$5.86 billion or RM24.8 billion). Of this, 94 billion baht has already been repaid, with the balance to be settled progressively over the next ten years.
In its official statement, Thai Airways reaffirmed its ambition to strengthen international aviation competitiveness and support Thailand’s positioning as a regional air travel hub.
In a separate development, the company announced the appointment of Lavaron Sangsnit as its new chairman.
-Reuters
