Image courtesy of Australian Aviation
Creditors of Thai Airways International (THAI), particularly Bangkok Bank (BBL) and Krungthai Bank (KTB), are set to benefit from the airline’s planned exit from its rehabilitation scheme by mid-2025.
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Creditors of Thai Airways International (THAI), particularly Bangkok Bank (BBL) and Krungthai Bank (KTB), are set to benefit from the airline’s planned exit from its rehabilitation scheme by mid-2025. The banks are being provided with several options for debt repayment, according to analysts.
In recent reports submitted to the Stock Exchange of Thailand (SET) and the Securities and Exchange Commission, management for Thai Airways anticipates positive shareholder equity by February next year, with preparations to exit the rehabilitation plan slated for April.
Approval from the Central Bankruptcy Court for THAI’s exit from the rehabilitation plan is expected in May. Subsequently, the airline’s shares could resume trading on the SET by the end of June.
Chalie Kueyen, a banking analyst at KGI Securities (Thailand), noted that BBL and KTB are…