Jan. 5, 2021, 6:42 AM
Extension of debt rehabilitation plan submission deadline by one month to allow Thai Airways to consider formulation of debt, capital and organization structures, company says in exchange filing Tuesday.
- More time to finalize rescue plan also to allow airline to consider legal issues and contractual obligations with employees, business partners and debtors
- Rehabilitation plan also requires consideration and detailed analysis to ensure approval of creditors
- Initially, court set deadline for the company to submit the rehabilitation plan within Jan. 2
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