Hong Kong, June 25 -- It's what you do to avoid bankruptcy when you are on the verge of bankruptcy. Thai Airways International (THAI) could have been the second major victim of the COVID-19 crisis in the Asia-Pacific, but it refused to raise the white flag. Associate editor and chief correspondent, Tom Ballantyne, reports.
Lawyers representing Thai Airways International (THAI) will make their first appearance before Thailand's Bankruptcy Court on August 17 to plead the carrier's case for rehabilitation.
If the application is approved, the high profile team charged with keeping THAI alive could take up a to a year to formulate a transformation plan of the airline, a process already attempted, without success, several times in recent decade...