Thai Airways Closer to Rehabilitation Via Bankruptcy Court
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State-run Thai Airways International Pcl is a step closer to restructuring via a bankruptcy court after a key government panel backed the plan, which is due for consideration by the Cabinet on Tuesday.
A committee that oversees policies for state enterprises agreed the airline should seek such a rehabilitation, government spokeswoman Narumon Pinyosinwat told reporters in Bangkok on Monday. Restructuring via a bankruptcy court is not the same thing as filing for bankruptcy and being wound up, she said.