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Thai Airways set to file for bankruptcy

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The logo of Thai Airways is seen inside a terminal of the Suvarnabhumi International airport in Bangkok, Thailand, 15 May 2020.

Thai Airways International (THAI) is set to file for bankruptcy as an option for the rehabilitation in protection and for a massive revamp after it posted a loss of 12 billion Thai baht (about 374 million US dollar or 346 million euro) in 2019, according to the Stock Exchange of Thailand.

Thai Airways was formed in 1988 and is the flag carrier airline of Thailand.

 

Via EPA-EFE/NARONG SANGNAK

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