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THAI seeks second deadline extension for rehab plan


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THAI seeks second deadline extension for rehab plan

By The Nation

 

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THAI’s acting president Chansin Treenuchagron

 

Thai Airways International (THAI) will this week ask the bankruptcy court to extend its deadline for submission of its rehabilitation plan by another one month, THAI’s acting president Chansin Treenuchagron said on Tuesday.

 

This is the second time the debt-ridden carrier has asked for a deadline extension. Previously, the court granted THAI’s request to postpone deadline from January 2 to February 4. By law, the carrier can postpone its submission only twice.

 

According to a THAI source, the airline will ask the court to extend the deadline to March 3. The company needs more time to forge a rehab plan that creditors can be confident in, said the source.

 

Source: https://www.nationthailand.com/business/30401843

 

 

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-- © Copyright The Nation Thailand 2021-01-27
 
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While they cook the books 24/7 to make everybody looking nice and smell like a daisy ....... others fly. Thai Vietjet is operating on Fifth Freedom, i.e. homebred in Hanoi, they operate domestic flights in a third country - namely Thailand.

Bottomline of a vVietnamese press release referred to "just break even in 2020". 

All the while the entire fleet of the national carrier is grounded, standing around and getting ready to be auctioned off to the highest bidder in the world's biggest buyers market since World War 2. 

In addition, all those aircrew will have lost their licenses as they could not comply with minimum flying hours. 

And all this just to cover the bottoms of a few bigwigs who misused Thai Airways like a 7/11 without a cashier at the exit. Masterpiece for universities of how NOT to do it - for generations to come! 

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