Thai Airways International (THAI) is expected to submit its rehabilitation plan to the Central Bankruptcy Court by the deadline of March 2, says Deputy Prime Minister Wissanu Krea-ngam.
Mr Wissanu, who chairs a committee monitoring efforts to solve the cash-strapped flag carrier’s problems, said he has been regularly briefed by the THAI’s board on the progress in the rehabilitation plan.
THAI asked the court for an extension of the deadline to submit its plan twice — 30 days each time — or until March 2 at the latest, Mr Wissanu said.
He expressed confidence the company would eventually submit the plan to the court in time.
Mr Wissanu said that the reason why the process of drafting the rehabilitation plan was slow was because THAI has numerous creditors and there are up to seven debt rehabilitation planners.
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