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Thai Airways to halve workforce to become profitable by 2025

Rehab plan focuses on downsizing but falls short in new funding and debt relief

Thai Airways was one of the world's first major airlines to seek the protection of a bankruptcy court due to COVID-19 travel restrictions.   © AP

BANGKOK -- Thai Airways International announced on Tuesday that it would downsize its operations significantly by cutting 50% of its workforce and its aircraft in operation from 102 to 86 as part of a rehabilitation plan that it submitted to the Legal Execution Department in the Ministry of Justice earlier in the day.

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