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1. • • Thai Airways International (Thai) has announced that it expects to complete its current restructuring process later in 2024. The process began in 2020, at the height of the COVID-19 pandemic, as the Bangkok-based carrier struggled to keep control of its debts and operating costs as the health crisis took hold and traffic figures plummeted.
     www.aerotime.aero/articles/thai-airways-restructuring-process-2024

     Thai Airways to complete restructuring process in 2024 - AeroTime

2. People also ask

   Will Thai Airways restructure its business operation in aviation?

   • On 17 May 2023, Thai Airways International Public Company Limited (THAI) held a creditor committee’s meeting that reached a resolution in favor of the company’s restructuring of business operation in aviation as proposed by the Plan Administrators and THAI management.

   Thai Airways News & Announcements | Thai Airways International

   www.thaiairways.com/en_TH/news/news_announcement/index.page

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   Why did Thai Airlines go bankrupt?

   • An embattled Thai filed for bankruptcy protection in 2020 as it was heavily impacted by a collapse in air travel during the pandemic. Since then, it has undertaken a wide-ranging restructuring exercise aimed at turning around its finances. The airline swung to a full-year net profit in 2023, amid restructuring gains and travel recovery.

   Thai Airways to exit restructuring in 2024 as first-quarter profit

   www.flightglobal.com/airlines/thai-airways-to-exit-restructuring-in-2024-as-first-quarter-profit-shrinks/158239.article

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   Why did Thai airlines increase its maintenance costs?

   • Non-fuel related costs led the increase, at 33.7% higher than the year-ago period. Thai saw the sharpest rise in maintenance-related costs, which it attributes to an increase of engine maintenance, coupled with an uptick in MRO activity with new aircraft entering its fleet. As at end-March, the airline had 73 in-service aircraft.

   Thai Airways to exit restructuring in 2024 as first-quarter profit

   www.flightglobal.com/airlines/thai-airways-to-exit-restructuring-in-2024-as-first-quarter-profit-shrinks/158239.article

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   Why did Thai Airlines swung to a full-year net profit in 2023?

   • The airline swung to a full-year net profit in 2023, amid restructuring gains and travel recovery. In the quarter ended 31 March, Thai remained in the black, though an increase in costs – coupled with a reduction in restructuring gains – ate into its profitability.

   Thai Airways to exit restructuring in 2024 as first-quarter profit

   www.flightglobal.com/airlines/thai-airways-to-exit-restructuring-in-2024-as-first-quarter-profit-shrinks/158239.article

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3. www.flightglobal.com › airlines › thai-airways-toThai Airways to exit restructuring in 2024 as first-quarter ...

   www.flightglobal.com › airlines › thai-airways-to

   May 9, 2024 · Thai Airways International expects to wrap up its restructuring this year, capping off close to four years of business rehabilitation following the Covid-19 pandemic.

   • Author: Alfred Chua

4. www.thaiairways.com › en_TH › newsThai Airways News & Announcements | Thai Airways International

   www.thaiairways.com › en_TH › news

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   On 17 May 2023, Thai Airways International Public Company Limited (THAI) held a creditor committee’s meeting that reached a resolution in favor of the company’s restructuring of business operation in aviation as proposed by the Plan Administrators and THAI management.

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6. www.aerotime.aero › articles › thai-airwaysThai Airways to complete restructuring process in 2024 - AeroTime

   www.aerotime.aero › articles › thai-airways

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   May 10, 2024 · Thai Airways International (Thai) has announced that it expects to complete its current restructuring process later in 2024. The process began in 2020, at the height of the COVID-19 pandemic, as the Bangkok-based carrier struggled to keep control of its debts and operating costs as the health crisis took hold and traffic figures plummeted.

   • Employees: 30

   • Occupation: Journalist

7. www.bangkokpost.com › business › generalBangkok Post - THAI to file restructuring plan

   www.bangkokpost.com › business › general

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   1 day ago · WRITER: Post Reporters. Thai Airways International (THAI) will file its restructuring plan to the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET) on Monday ...

8. www.reuters.com › business › aerospace-defenseThai Airways aims for 2024 completion of restructuring

   www.reuters.com › business › aerospace-defense

   Jul 1, 2022 · BANGKOK, July 1 (Reuters) - Thai Airways International Pcl (THAI.BK) expects to complete its corporate restructuring in two years as the airline's performance gradually improves and global travel...

9. www.thaiairways.com › sites › enThai Airways News & Announcements | Thai Airways International

   www.thaiairways.com › sites › en

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   THAI will implement the restructuring of business operation in aviation in order to effectively improve fleet planning management, develop seamless route network for the benefits of customers and regain strength and competitiveness in the global market in response to the national strategy in steering Thailand to be the aviation hub in the region.

10. www.thaiairways.com › en_TH › newsThai Airways News & Announcements | Thai Airways International

    www.thaiairways.com › en_TH › news

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    Aug 9, 2024 · THAI Reports Operational Performance Results for the Second Quarter of 2024 with Targets to Finalize its Capital Restructuring under the Business Rehabilitation Plan within the End of 2024 and Obtain the Cancellation of the Business Rehabilitation within the Second Quarter of 2025. 9 August 2024. pause buttonplay button.