Left Menu
Development News Edition

Thai cabinet approves plan for Thai Airways bankruptcy court restructuring

Reuters | Bangkok | Updated: 19-05-2020 11:20 IST | Created: 19-05-2020 11:08 IST
Thai cabinet approves plan for Thai Airways bankruptcy court restructuring
Prime Minister Prayuth Chan-Ocha (File photo) Image Credit: Twitter(@prayutofficial)

Thailand's cabinet approved a plan to bring Thai Airways International Pcl to the bankruptcy court for debt restructuring, the prime minister said on Tuesday. "It was a difficult decision," Prime Minister Prayuth Chan-Ocha told reporters at a news briefing.

The plan replaces a previous rescue package where the airline would seek a government-guaranteed loan. "The government has reviewed all dimensions ... we have decided to petition for restructuring and not let Thai Airways go bankrupt. The airline will continue to operate," Prayuth said.



Why COVID-19 is unstoppable in USA despite it being ranked at the top of GHS Index?

Several worst-hit countries such as Italy, France, Spain, the UK, Canada, and Russia have peaked COVID-19 cases in April. Almost all of them have gradually flattened the curve. However, the USA is setting new daily records of infections tha...

COVID-19 seems cooking biggest ever global scam

The increasing number of corruption cases on COVID-19 funds from throughout the world and involvement of high profile persons indicate that the countries cant ignore corruption in their pandemic response programs. This has generated the nee...

Health Management Information Systems lack holistic, integrated, and pandemic resilient character

Being a part of the United Nations system, the World Health Organization WHO deserves its share of rebuke for its alleged failure issue COVID-19 health emergency alerts on appropriate time. However, the pandemic has also exposed loopholes i...

Pride in the time of coronavirus: a welcome move online?

This year is different in many ways not least as celebrations are also taking place against the dramatic backdrop of a global health crisis and a resurgence in grassroots activism following the death of George Floyd in Minneapolis. ...


Latest News

S.Korea to hike tax on multiple home owners, top officials race to sell extra homes

South Korea said on Friday it will further tighten property market rules and impose heavier taxes on multiple homeowners as more than 20 rounds of cooling measures introduced in the past three years failed to calm runaway home prices. Real ...

U.S. sets one-day record with more than 60,500 COVID cases; Americans divided

More than 60,500 new COVID-19 infections were reported across the United States on Thursday, according to a Reuters tally, setting a one-day record as weary Americans were told to take new precautions and the pandemic becomes increasingly p...

136 Congressmen and 30 Senators seek reversal of US decision on international students

A group of 30 US Senators and 136 Congressmen -- all from the Opposition Democratic Party -- has urged the President Donald Trump-led administration to reverse its order that bars international students from staying in the country if they d...

Higher tax revenue indicates positive sign for economy post lockdown

The Governments books were better than forecast with a higher GST take as the economy got moving again after lockdown, Finance Minister Grant Robertson says.The Crown Accounts for the 11 months to the end of May indicate the year-end result...

Give Feedback