BANGKOK -- Creditors of cash-strapped Thai Airways International on Wednesday voted to approve a rehabilitation plan that allows the national flag carrier to begin an obstacle-packed rehabilitation process which could last up to seven years.
To get the green light, the plan needed a nod from creditors who together hold over 50% of the company's debt. Of 38 creditors, 28 voted for the plan. This meant that approving creditors, in fact, held 91.56% of Thai Airways' total debt.
