Will Thai Airways go out of business?

Is Thai airlines going out of business?

Thai Airways filed for bankruptcy protection in May 2020, buckling under debts of more than US$9.8 billion and the impact of the worldwide travel downturn. … In mid-June 2021, Bangkok’s Central Bankruptcy Court approved the rehabilitation plan after extensive negotiations with creditors.

Is Thai Airways in trouble?

FINANCIAL TROUBLES

Thai Airways had been in financial difficulties even before the pandemic. In the year preceding the pandemic, its losses widened by Bt3. 4 billion to Bt12. 4 billion in 2019, as revenues fell despite increased passenger numbers.

What happened to Thai Airways?

Following the Civil Aviation Authority of Thailand (CAAT) announcement prohibiting international flights into Thailand until 30 June 2020, Thai Airways International Public Company Limited (THAI) has to suspend operations for one more month in June 2020.

Are Thai Airways in liquidation?

In late May 2020, Thai Airways filed for bankruptcy protection in Bangkok’s Central Bankruptcy Court. By July 2020, the airline had defaulted on around US$3 billion in debt.

Are Thai Airways Safe?

Thai Airways is Certified as a 4-Star Airline for the quality of its airport and onboard product and staff service. Product rating includes seats, amenities, food & beverages, IFE, cleanliness etc, and service rating is for both cabin staff and ground staff.

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When international flights will open in Thailand?

Thailand To Open And Drop Quarantine For Tourists from 45 Countries on November 1. Some islands of Thailand are open to tourists from all countries. Travelers must be fully vaccinated and be able to provide a negative COVID-19 test.

Are Thai Airways still flying to Australia?

Sydney-Bangkok flights set to continue

When it comes to Sydney, Thai Airways expects to operate a weekly flight to Bangkok between January and March 2021. … Australia’s international travel restrictions have also now been extended a third time, continuing until at least March 17 2021.