AERO TRADING GROUP Corp

THAI Airways rehabilitation plan approved

THAI Airways rehabilitation plan approvedTHAI Airways rehabilitation plan approved

THAI Airways creditors committee has now approved its Rehabilitation Plan. The Central Bankruptcy Court is scheduled a hearing to consider the Rehabilitation Plan on 28 May 2021. Commenting, Amedeo Air Four Plus, which is a creditor, has said that it will “continue to negotiate and agree binding lease amendment documentation with the airline, on a power by the hour basis initially, before moving to a fixed rate lease for the remaining term of the lease including an extension of the lease from the original term. The Company continues to target June / July 2021 to document and effect the restructuring

Leave a Reply

Your email address will not be published. Required fields are marked *