Thai Airways Exits Debt Restructuring Plan With Court Approval
Thai Airways International Pcl won court approval to exit a debt restructuring program, paving the way for resumption of trading in its stocks after a four-year gap.
The Central Bankruptcy Court in Bangkok on Monday granted the national carrier's plea to emerge from the court-supervised debt rehabilitation. The airline successfully completed the restructuring as it managed to increase capital as specified under the plan, restructure business its without any delay, and generate profit before tax, the court said in a statement.
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