Nok Air finished debt negotiations with 50% of creditors in the buildup to the rehabilitation process while its biggest shareholders want to acquire stakes of competitors to control the aviation market.
“We will likely submit the rehabilitation plan to the Central Bankruptcy Court on March 15 as planned. But we also have to learn from the precedent case of THAI [Thai Airways International] which must proceed the rehabilitation plan to the court by the deadline on March 2,” said Nok Air chief executive Wutthiphum Jurangkool.
“Some issues need to be settled. For instance, whether our debts should include future obligations, such as airplane leasing contracts for upcoming years,” he said.
In…
