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THAI AIRWAYS LAYS OFF EMPLOYEES TO AVOID BANKRUPTCY

... significant part of the company's debt (about 78%) falls on bond payments. On May 19, 2020, the company was forced to apply to court and launch a bankruptcy protection proceedings similar to that provided for by the US law. Since the use of wide-body airliners has lost its relevance in the face of a reduction in tourist flow, and many aircraft were simply mothballed, the company announced its intention to get rid of a part of its fleet last week. The sale was supposed to affect all Airbus A380, Airbus ...

Modified: 02.20.2021
bankruptcy , Thailand , airline , Thai Airways , layoffs , coronavirus , pandemic , tourism , coronacrisis
Path: РусБанкрот - СМИ
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