Showing 1-10 of 28 results
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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