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Thai Airways warns of extended delisting risk

Acting president targets 2030 for shareholder equity to turn positive

A Thai Airways Airbus A380-800 aircraft at Bangkok International Suvarnabhumi Airport in September 2019.   © Reuters

BANGKOK -- Thai Airways International's listing on the Stock Exchange of Thailand will remain in jeopardy, the flag carrier said Friday, as the company does not expect to regain positive shareholder equity for nearly a decade.

The airline "expects to generate profits from its main business operation in 2023, and the shareholder equity will be greater than zero in 2030," Chansin Treenuchagron, the acting president, said in a statement, citing a preliminary estimate under the company's reorganization plan.

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