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#Thailanf Court approves rehabilitation plan for @ThaiAirways. THAI, once a national carrier, has been suffering from losses for last 7 years. It has total liabilities of some US$10.6 billion. Rehabilitation can take some 7 yrs to accomplish. Retrenchment, deep pay cuts expected
#Thailand court considered 4 factors in approving @ThaiAirways rehabilitation plan. These include court believing airlines has ability, resources & is committed to execute plan. It also approved panel of 7 including its acting president & EY corporate advisory to carry out plan 
*#Thailand misspelt. In 1st half of this year, @ThaiAirways saw a loss of US$900 million. Been in the red with losses coming from factors like #COVID19, unprofessional management of staff, inefficiently employed fleet, flying non-profitable routes. Acting president in glasses
