Originally Posted by
ORAC
Friend who is owed money by Thai Airways just received an email reputedly from the Thai High Court stating they have filed for bankruptcy.
Nothing on the news, anyone else received the email or can confirm, or is this part of the restructuring to wipe its debts with creditors?
I know the Thai government said they would save them and allow them to restructure in mid-May, with the hearings due to start in August, and has started applying to the courts around the world to protect their assets from seizure.
https://uk.reuters.com/article/thai-...-idUKL4N2DM2AE
https://thethaiger.com/hot-news/tran...s-from-seizure
Yes. Also got the email
What is unbelievable is today TG announced all staff would be safe for the next year whilst they 'rehabilitate' the airline.
Seems they are still content to bleed cash whilst holding onto everyone's money.
No attempt to cut costs at all and just on going delays to any form of long overdue change.