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Friday, March 29, 2024

Thai Airways challenging claims of over US$7 billion from leasing companies and Rolls Royce

Thai Airways is questioning claims from the lessors of some of its aircraft and Rolls-Royce, who service some of their aircraft engines. The airline is currently in the middle of lengthy bankruptcy proceedings as the court wades through thousands of creditor claims.

The lessor and maintenance claims total over $US$7 billion. Thai Airways says that it’s not liable for the payments as they relate to expenses after it went into bankruptcy proceedings and therefore is afforded protection from the Bangkok Court. According to Bangkok Post, the national airline is challenging US$6.3 billion claimed by 48 aircraft leasing companies and another 33 billion baht Rolls-Royce claims it is owed for jet engine maintenance services.

Neither the airline or any of the leasing or maintenance companies have offered comments to the story. The national carrier submitted its debt restructure plan to the…

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