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.
The company will decrease registered capital from 26.9 billion baht ($822 million) to 21.8 billion by writing off unissued and unsold shares as stipulated in its rehabilitation plan, Suvadhana Sibunruang, the acting CEO, said on Friday.
