Showing 1 - 10 of 52
Govt raises stake in Thai Airways, but will not take direct control
Post Reporters, Published on 01/12/2024
» The government is set to raise its stake in Thai Airways International (THAI) but will not return the ailing airline to state enterprise status, according to a cabinet source.
Equities pause as market takes stock of Covid cases
Business, Nuntawun Polkuamdee and Nareerat Wiriyapong, Published on 26/11/2022
» RECAP: Asian equities fell yesterday in subdued activity after the Thanksgiving holiday in the US. Chinese shares led declines as investors weighed recent gains against an upswing in Covid-19 infections, which reached a new single-day high above 30,000 infections.
Thai Airways names new CEO
Reuters and Online Reporters, Published on 25/11/2022
» Thai Airways International Plc said on Friday that Chai Eamsiri would become the company’s chief executive officer from Feb 1, as it proceeds with its pandemic-driven restructuring plan.
Thai Airways to borrow less amid recovery
News, Post Reporters, Published on 24/11/2022
» Thai Airways International (THAI) requires only half the money which it initially estimated would be needed for recapitalisation, given its consistently positive performance, a high-level meeting was told.
THAI expects to name new chief in January
Reuters and Online Reporters, Published on 11/11/2022
» Thai Airways International expects to name a new permanent CEO as early as January as it proceeds with its restructuring plan, acting CEO Suvadhana Sibunruang said on Friday.
Govt to recapitalise Thai Airways with B10bn
News, Wichit Chantanusornsiri, Published on 28/10/2022
» The government will need to raise 10 billion baht to recapitalise financially ailing Thai Airways International (THAI) to keep its shareholding in the company from dipping below 40%, according to the State Enterprise Policy Office (Sepo).
Govt to inject another B10bn into THAI
Wichit Chantanusornsiri, Published on 27/10/2022
» The Finance Ministry plans to inject 10 billion baht into Thai Airways International to keep its shareholding from dipping below 40%, according to the State Enterprise Policy Office (Sepo).
Court approves new THAI rehab plan
Post Reporters, Published on 20/10/2022
» The Central Bankruptcy Court has approved the revised business reorganisation plan of Thai Airways International (THAI), setting in motion its full financial restructuring process, according to a high-ranking source in the company.
China debates a financial stability guarantee fund
Asia focus, Wei Hongxu, Published on 16/05/2022
» A Chinese government proposal for a financial stability guarantee fund to safeguard against systemic risks has attracted attention from many parties. Some have differing opinions on how to best resolve the current financial risks related to defaults and debt reduction, especially among property developers.
THAI creditors approve debt restructuring plan
News, Wichit Chantanusornsiri, Published on 20/05/2021
» Thai Airways International's (THAI) creditors on Wednesday formally approved the airline's debt rehabilitation plan which emphasises the state's role in helping the struggling flag carrier access fresh cash injections.