ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Thai Airways aims to finish restructuring in 2024 as travel rebounds

Increased passenger traffic helps carrier halve capital needs under updated plan

Thai Airways International filed for bankruptcy protection in May 2020, during the early months of the coronavirus pandemic. (Photo by Akira Kodaka)

BANGKOK -- Thai Airways International on Friday announced that it expects to complete its capital restructuring in 2024 through a debt-for-equity swap, as easing travel restrictions from COVID-19 lift its performance.

The embattled flag carrier has submitted an updated turnaround plan to the authorities, and will seek approval from creditors in a meeting around August or September, pending a green light from the court.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more