|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||0.0630 - 0.0730|
|52 Week Range||0.0606 - 5.9500|
|Beta (5Y Monthly)||1.65|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar. 13, 2013|
|1y Target Est||N/A|
Thai Airways customers in limbo after refunds put on holdPeople whose flights were cancelled by beleaguered airline face three-month wait over payment decision A beach on Thailand’s Andaman coast. Photograph: Vitaliy Pakhnyushchyy/Alamy
Thai Airways International Pcl's request to restructure its debt as part of bankruptcy proceedings was approved by a bankruptcy court on Monday, sending its share price sharply higher. The decision by the court, which handles bankruptcy and restructuring requests in Thailand, allows the airline to move ahead with drawing up plans to restructure 245 billion baht ($7.83 billion) worth of debt. It comes as the coronavirus fallout has added to the woes of the airline, which has been struggling since 2012 and in which the government has a large stake.
Thai Airways International Pcl <THAI.BK> on Tuesday submitted a request to a bankruptcy court for rehabilitation of its debts, the court said. "Thai Airways submitted a request for rehabilitation with the Central Bankruptcy Court .... the court is reviewing the documents from before accepting the request," the court's public relations office told Reuters. The announcement comes after the money-losing airline on Monday appointed four new board members, including its former chief executive, Piyasvasti Amranand, who ran the airline from 2009 to 2012.