Companies

Thai Airways creditors approve restructuring plan

Credit: REUTERS/ATHIT PERAWONGMETHA

Thai Airways International's creditors have voted to approve the airline's restructuring plan, its legal advisor said on Wednesday.

BANGKOK, May 19 (Reuters) - Thai Airways International's THAI.BK creditors have voted to approve the airline's restructuring plan, its legal advisor said on Wednesday.

"Ninety percent of creditors voted to approve the plan," Kitipong Urapeepatanapong told Reuters, adding a court will need to review the plan on May 28. Last year, a court approved the troubled airline's request for bankruptcy protection and debt restructuring.

(Reporting by Chayut Setboonsarng; Editing by Martin Petty)

((chayut.setboonsarng@tr.com, Twitter: @ChayutSet; +66854849033;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Companies Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More