Airline will be liquidated. There is no way for them to recover without a huge cash infusion to cover several years of minimum operations (~USD$30-40B). (Their current market cap is USD$400 million!) They essentially need to dump all their widebodies, which are currently worthless and underwater, and try to find a way to restart with much smaller/cheaper planes. A new airline with the “Thai” name (bought for nothing by one of the PM’s cronies most likely) will be launched in a couple years, and the cycle will be repeated.