Showing 1 - 10 of 28
A 99% stock crash and shock default raise alarm
Bloomberg News, Published on 23/06/2023
» Only a year ago Stark Corporation looked like a Thai corporate success story. Backed by a wealthy local businessman, the nearly US$2 billion maker of electrical cables was an aggressive acquirer making its first major push beyond Asia.
Earnings surge for main Thai airlines as tourists flock back
Bloomberg News, Published on 14/05/2023
» Thai Airways International (THAI) Public Company Limited and Bangkok Airways Public Company Limited reported a surge in first-quarter earnings as tourists flocked back to Thailand.
Thai Airways 2022 operating loss narrows amid boom in air travel
Bloomberg News, Published on 24/02/2023
» Thai Airways International (THAI) Plc’s operating loss narrowed 84% last year after Thailand eased pandemic-related border restrictions and tourists started to come back to the popular Southeast Asia holiday destination.
THAI eyes B25bn loans to finance operations
Bloomberg News, Published on 15/06/2021
» Thai Airways International is seeking new loans to help fund operations after the court approved its plan to restructure at least 170-billion-baht debt.
Thai Airways creditors delay vote on debt restructuring plan
Bloomberg News, Published on 12/05/2021
» Thai Airways International Plc delayed a vote on its restructuring plan by a week after some creditors pushed for changes and sought time to study some last-minute tweaks unveiled by the administrator.
5-star hotels squeeze small operators with discounts
Bloomberg News, Published on 09/03/2021
» A stunning plunge in international visitors during the pandemic has been a disaster for Thailand’s tourism industry, decimating the ranks of small operators and leaving the landscape dominated by luxury hotels.
Thai Airways debt revamp plan gets support from finmin
Bloomberg News, Published on 03/03/2021
» The Finance Ministry, the largest shareholder of Thai Airways International Plc, signalled its support for a restructuring plan that includes raising fresh capital, a temporary freeze on repayment of borrowings and slashing its workforce by half to return the debt-ridden airline to profit.
THAI posts record B141bn loss
Bloomberg News, Published on 25/02/2021
» Thai Airways International, the flag carrier in the middle of a debt restructuring, reported a record loss last year after the coronavirus outbreak ground most of its services to a halt.
Nok Air gets green light to restructure debt
Bloomberg News, Published on 04/11/2020
» Thai budget carrier Nok Airlines Plc obtained court approval to proceed with a debt rehabilitation plan as it weathers a slump in passenger demand due to the coronavirus pandemic.
Thai Airways gets court approval for debt restructuring plan
Bloomberg News, Published on 14/09/2020
» Thai Airways International Plc, the nation’s flagship carrier, got court approval for its debt restructuring on Monday.