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Cash-strapped Thai Airways to seek restructuring
AFP
| 2020/05/20 | 451 words
| LE JOURNAL DE L'AVIATION | AIR TRANSPORT
Thailand's cash-strapped national carrier will look to undergo a restructuring through the kingdom's bankruptcy court, premier Prayut Chan-O-Cha said Tuesday, as the stricken company is battered by the crash in tourism caused by the coronavirus. Thai Airways -- which is 51 percent owned by the government -- has long fought to stay afloat, registering losses of almost $800 million over the past three years. Its troubles come as the world aviation sector faces its biggest crisis, with borders ...(…)
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