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THAI claims it owes Bt24 billion in unused tickets

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THAI claims it owes Bt24 billion in unused tickets

By THE NATION

 

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Thai Airways International Plc (THAI) has reportedly estimated that it owes no more than Bt24 billion to passengers who have already bought tickets.

 

Passengers who hold tickets are considered creditors.

 

Normally, THAI sells between Bt8 billion and Bt10 billion worth of tickets per month, or Bt130 billion worth of tickets per year. It is estimated that the airline sold tickets worth Bt24 billion between March and May.

 

Some passengers who bought the ticket during this period have either postponed their flights or cancelled their tickets due to widespread ban on travel brought on by the Covid-19 pandemic.

 

The Central Bankruptcy Court, meanwhile, on May 27 accepted the airline’s application to seek rehabilitation process under the bankruptcy law. As a result, all of THAI’s debt obligations have be put on halt automatically by law, which means THAI has to cease servicing all its debts.

 

According to a statement released by THAI on Wednesday (May 28), the airline has temporarily suspended all its commercial flights due to the outbreak. It has also helped affected passengers by allowing them to change their flight schedules, extend the ticket validity periods or has converted the tickets into travel vouchers. It has also refunded some tickets free of charge.

 

However, due to its entry into the rehab procedure, THAI is forced by law to stop refunding tickets, the statement said, adding that the airline has every intention to take care of passengers who have sought refunds and will inform them of their rights under the rehab process.

 

Source: https://www.nationthailand.com/business/30388684

 

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-- © Copyright The Nation Thailand 2020-05-29
 
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I suppose my daughter is never going to see the 12K Baht they

owe her,they have had her hanging on the phone a few times

already without any timeframe for the refund.

regards Worgeordie

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3 minutes ago, soihok said:

I had a trip to Hokkaido in March with ANA

I had to cancel the tickets.

In April I received full refund from ANA - about B100,000

Has ANA filed for bankruptcy, if not then they can give refunds.  This OP is regarding THAI Airways, but thank you for your story as I am sure others who are in the same boat as you now have hope.

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What a BS on Thai part, they have cancelled my flight early March with a promise to refund the 20k in one month, i have heard nothing from them since, Honor your promises Thai...

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2 minutes ago, ezzra said:

What a BS on Thai part, they have cancelled my flight early March with a promise to refund the 20k in one month, i have heard nothing from them since, Honor your promises Thai...

My mate had 3 tickets with them at the time they gave him the option to cancel and get a refund that was back in April I'll check with him see if got it

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8 minutes ago, ChipButty said:

If they dont pay them refunds I dint think anyone will be booking with Thai in the near future

Sadly, I don't believe passenger tickets are preferential creditors. According to the other paper, a THAI spokesman said there will be refunds in about 6 months. But, of course, it all comes down to the Administrator.

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