Thai Airways International has made this announcement:
Mr. Chakkrit Parapuntakul, Second Vice Chairman and Acting President, Thai Airways International Public Company Limited (Thai), said the Thai Cabinet approved the reform plan for Thai which will be implemented through the business reorganization chapter under the auspices of the Central Bankruptcy Court of Thailand and the Bankruptcy Act. In the meantime, THAI is able to operate flights and run its business as usual.
Although Thai’s reform plan will be implemented and exercised through the business reorganization chapter under the bankruptcy law, Thai will not be dissolved or go into liquidation or to be declared bankrupt. On the contrary, the business reorganization chapter will enable Thai to reach its reform plan’s objectives even more effectively step by step as required by the law which provides equitable protection to all relevant stakeholders while Thai will be able to conduct its normal business operations including passenger and cargo transportation. The business will be conducted in parallel with the reform plan to increase operational efficiency and improve product and service quality.
Thai is committed to do everything possible to emerge from the crisis situation. This is an important step for Thai to change in order to become a stronger and more sustainable entity. Thai expressed its gratitude to all concerned in every sector of the economy, shareholders, partners, alliance, customers and in particular all Thai passengers for their continued support and confidence in the airline. Thai will resume full operations once the COVID-19 situation subsides.
In other news, Thai extended its suspension of flight operations for one more month to end of June.
Following the Civil Aviation Authority of Thailand (CAAT) announcement prohibiting international flights into Thailand until June 30, 2020, Thai Airways International Public Company Limited (THAI) has to suspend operations for one more month in June 2020.
However, the resumption in July 2020 is still under consideration. Thai is monitoring the situation, preventive measures and lockdowns of each country as well as travel demand closely in order to resume services as the COVID-19 situation improves. Thai have measures in place in preparation for the resumption of passenger service. The official schedule will be announced later.