The government of Thailand announced that their flag carrier Thai Airways will be restructured in a bankruptcy court. “Thai Airways will enter a rehabilitation process under the court. We have decided to petition for restructuring and not let Thai Airways go bankrupt. The airline will continue to operate”Thailand’s Prime Minister Prayuth Chan-ocha “The Cabinet also agreed the government will reduce its holding in Thai Airways to under 50%, ending the airline’s status as a state-enterprise” said Thailand Transport Minister Saksayam Chidchob. If … Continue reading Update: Thai Airways Avoided Bankruptcy