Thai Airways creditors approve restructuring plan

FILE PHOTO: Empty lines are seen at Thai Airways counters in Suvarnabhumi Airport in Bangkok, Thailand April 30, 2020. REUTERS/Soe Zeya Tun

Thai Airways International’s creditors have voted to approve the airline’s restructuring plan, its legal advisor said on Wednesday.

“Ninety percent of creditors voted to approve the plan,” Kitipong Urapeepatanapong told Reuters, adding a court will need to review the plan on May 28. Last year, a court approved the troubled airline’s request for bankruptcy protection and debt restructuring.

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