Thai Airways to Resume Flying in June despite Bankruptcy Announcement
Despite the high profile potential bankruptcy announcement, Thai Airways is not the only Southeast Asian international carrier to be suffering from global air travel restrictions
The post Thai Airways to Resume Flying in June despite Bankruptcy Announcement appeared first on LUXUO.
Thai Airways will keep flying. Yes, despite a recent bankruptcy announcement amidst covid-19 travel restrictions, sovereign air carriers do not simply just vanish into obscurity. Founded in 1960 as a joint venture between Scandinavian Airlines (SAS) and Thailand’s domestic carrier, Thai Airways Company.
On 1 April 1977, the Thai government bought out the remaining SAS shares and Thai Airways became a sovereign, national entity, eventually incorporating the country’s domestic carrier and then going on to become the largest public listing on the Thai stock exchange in 1991.
?Thai Airways will enter a rehabilitation process under the court. We have decided to petition for restructuring and not let Thai Airways go bankrupt. The airline will continue to operate” – Thailand?s Prime Minister Prayuth Chan-ocha
Thai Airways to Resume Flying in June despite Bankruptcy Announcement
As a founding member of the world’s first and largest airline alliance, Star Alliance, Thai Airways has often served as a point of national pride much in the same way that other regional international carriers like Singapore Airlines and Malaysia Airlines have been national symbols. To allow the dem...
The post Thai Airways to Resume Flying in June despite Bankruptcy Announcement appeared first on LUXUO.
Thai Airways will keep flying. Yes, despite a recent bankruptcy announcement amidst covid-19 travel restrictions, sovereign air carriers do not simply just vanish into obscurity. Founded in 1960 as a joint venture between Scandinavian Airlines (SAS) and Thailand’s domestic carrier, Thai Airways Company.
On 1 April 1977, the Thai government bought out the remaining SAS shares and Thai Airways became a sovereign, national entity, eventually incorporating the country’s domestic carrier and then going on to become the largest public listing on the Thai stock exchange in 1991.
?Thai Airways will enter a rehabilitation process under the court. We have decided to petition for restructuring and not let Thai Airways go bankrupt. The airline will continue to operate” – Thailand?s Prime Minister Prayuth Chan-ocha
Thai Airways to Resume Flying in June despite Bankruptcy Announcement
As a founding member of the world’s first and largest airline alliance, Star Alliance, Thai Airways has often served as a point of national pride much in the same way that other regional international carriers like Singapore Airlines and Malaysia Airlines have been national symbols. To allow the dem...
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