Thai Airways into Bankruptcy

[p--and--t]

Surprise surprise (not really - sarcasm).

The Thai government has changed their mind yet again about what to do with the financially ailing airline.

Decided: Thai Airways Goes Into Rehabilitation Via Bankruptcy Court Proceedings

Thai Airways bankrupt, goes into administration.

loyaltylobby.com

 

[p--and--t]

Thai Airways Files For Bankruptcy Protection, Won’t Refund Any Tickets For At Least Six Months

Thai Airways in Bankruptcy Protection puts passenger refunds in limbo.

loyaltylobby.com

 

[Buzzard]

Such a shame as Thai was a good LM redemption. I doubt that will now be the case.

 

[AIRwin]

'Survival Team' set up for Thai Airways

A so-called "Survival Team" has been formed to work out a business plan for Thai Airways International (THAI) to support the debt rehabilitation of the carrier, according to a source at the airline.

www.bangkokpost.com