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Thai Airways takes next step in balance sheet rehab plan

Carrier to cut registered capital by 19% as part of court-backed restructuring

Thai Airways' rehab plan aims to bring the airline back to profitability by 2025, but much depends on recovery of the air travel market, which has been hit hard by the COVID-19 pandemic.   © Reuters

BANGKOK -- Thailand's loss-making flag carrier Thai Airways International has proceeded with a plan to reduce its registered capital by 19% as part of a court-approved rehabilitation to improve its balance sheet.

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