A final meeting for a vote on the Thai Airways debt restructure program is set for this Wednesday after being postponed last week.
Meanwhile, a source close to those managing Thai Airways’ debt rehab plan, says the state is not obliged to provide a bailout for the national carrier. The Bangkok Post reports that Chansin Treenuchagron, acting president for Thai Airways, says no such commitment has been made and the government is not obliged to take on the role of loan guarantor for the airline.
It’s understood that last week, representatives from the Finance Ministry attended an online meeting between the airline’s debt rehab planners and its creditors. However, Chansin says the ministry’s presence at the meeting is not an indication that the state will provide a bailout.
According to the Bangkok Post report, a number of creditors are concerned about the carrier’s ability…
