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THAI AIRWAYS LAYS OFF EMPLOYEES TO AVOID BANKRUPTCY

Thai Airways, Thailand's national carrier, filed for bankruptcy in May last year. The procedure provides for protection from creditors and large-scale restructuring. This time the ... ... 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 ...

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