THAI Operates as Usual While Implementing Reform Plan Under Law

Travel and Lifestyle Press Releases Tuesday May 19, 2020 15:11
Bangkok--19 May--Thai Airways International

Mr. Chakkrit Parapuntakul, Second Vice Chairman and Acting President, Thai Airways International Public Company Limited (THAI), said the Thai Cabinet approved the reform plan for THAI which will be implemented through the business reorganization chapter under the auspices of the Central Bankruptcy Court of Thailand and the Bankruptcy Act.   In the meantime, THAI is able to operate flights and run its business as usual.

Although THAI’s reform plan will be implemented and exercised through the business reorganization chapter under the bankruptcy law, THAI will not be dissolved or go into liquidation or to be declared bankrupt.   On the contrary, the business reorganization chapter will enable THAI to reach its reform plan’s objectives even more effectively step by step as required by the law which provides equitable protection to all relevant stakeholders while THAI will be able to conduct its normal business operations including passenger and cargo transportation.   The business will be conducted in parallel with the reform plan to increase operational efficiency and improve product and service quality.

THAI is committed to do everything possible to emerge from the crisis situation.   This is an important step for THAI to change in order to become a stronger and more sustainable entity. THAI expressed its gratitude to all concerned in every sector of the economy, shareholders, partners, alliance, customers and in particular all THAI passengers for their continued support and confidence in the airline.   THAI will resume full operations once the Covid-19 situation subsides.

THAI air tickets are still valid for travel and passengers holding those tickets are advised to contact THAI via website thaiairways.com or THAI contact Center at Tel: 02-3561111.

Latest Press Release

Agoda shares reasons and routes to embark on for a two-wheeled adventure

As World Bicycle Day spins around again on June 3rd, digital travel platform Agoda shares five reasons you should explore the world on two wheels, as well as great cycling routes to help you get on your bike now or bookmark for later travel. Reasons to...

Summertime fun: Imagination lands on emirates.com as airline keeps kids entertained over the holidays

Leisure travel is suspended and schools are out, but imagination has landed on emirates.com. The family-friendly airline has launched a special activity page on its website to keep kids entertained over the summer holidays.The Emirates Fly With me...

Dusit International expands in Guam with management of beach resort and shopping center

Slated to open on 1 June 2020, Dusit Beach Resort Guam provides family-friendly accommodation in the heart of Tumon Bay, with easy access to luxury shopping center, The Plaza, and the award-winning restaurants and facilities of neighboring sister...

12 Ways of Gifting: Avani Hotels & Resorts Launch Avani Gift Cards Collection with a Limited-Time Offer on All Experiences

12 Ways of Gifting: Avani Hotels & Resorts Launch Avani Gift Cards Collection with a Limited-Time Offer on All Experiences As the world slowly reopens, Avani Hotels & Resorts makes it easier to make the gift of travel and experiences with the...

Avani Hotels’ Safety and Hygiene Programme - AvaniSHIELD, Extends to MICE Facilities

Following the roll-out of AvaniSHIELD (www.avanihotels.com/en/health-safety-update), a programme promoting heightened safety and hygiene measures at Avani Hotels and Resorts worldwide, the brand is now looking to introduce a new set of measures for its...

Related Topics