Home > Bankruptcy an option for debt-stricken Thai Airways, Finance Ministry says

Business
Bankruptcy an option for debt-stricken Thai Airways, Finance Ministry says

Description

Bangkok, May 15 (EFE/EPA).- Financially crippled Thai Airways International (THAI) could go into debt rehabilitation under the bankruptcy law, Thai Finance Ministry said. The Thailand's flag carrier posted a loss of 12 billion Thai baht (about $374 millions) in 2019, according to the Stock Exchange of Thailand.Thai Airways was formed in 1988 and is the flag carrier airline of Thailand. (Camera: NARONG SANGNAK). SHOT LIST: THAI AIRWAYS CHECK-IN COUNTER AT THE SUVARNABHUMI INTERNATIONAL AIRPORT IN BANGKOK, THAILAND.

Added on the 15/05/2020 14:00:00 - Copyright : EFE Inglés

To customise your video :

Or Create an account

More videos on the subject

  • Debt-ridden Thai Airways opens pop-up restaurant, street food stall in downtown Bangkok

    Bangkok, Sep 21 (EFE/EPA).- Thai Airways turned the company's downtown ticketing office into a cafeteria operated by Thai Catering. The cafeteria sells inflight-style meals and pastries, while customers queue up in long lines during morning hours to buy 'pa tong go', traditional dough fritters, mostly eaten for breakfast. Thai Catering staff aswell as staff formerly employed in ticketing sales and customer service, now work at the cafeteria, helping keep the staff employed at a time when the company is experiencing major financial losses due to travel restrictions caused by the COVID-19 pandemic. On Sep 14, Thailand's Central Bankruptcy Court approved the airline's debt restructuring plan as the company was set to file for bankruptcy. (Camera: DIEGO AZUBEL). SHOT LIST: THAI AIRWAYS CHEFS PREPARE DOUGH FRITTERS, KNOWN AS 'PA TONG GO', OUTSIDE THE NEW THAI CATERING CAFETERIA AND CUSTOMERS AT THE NEW THAI CATERING CAFETERIA AT THE THAI AIRWAYS OFFICE BUILDING IN DOWNTOWN BANGKOK, THAILAND.

    21/09/2020 - EFE Inglés
  • Thai Airways gets court approval for landmark debt restructuring plan

    Bangkok, Sep 14 (EFE/EPA).- The Central Bankruptcy Court of Thailand on Monday approved Thai Airways, the nation's flagship carrier, debt restructuring plan as the company is set to file for bankruptcy after the COVID-19 pandemic hit the travel industry, forcing airlines worldwide to suspend travels. Thailand still remains closed to international tourists. (Camera: NARONG SANGNAK).SHOT LIST: PEOPLE WALK PAST THAI AIRWAYS SIGNS, AND CLOSED THAI AIRWAYS CHECK-IN COUNTER AT SUVARNABHUMI INTERNATIONAL AIRPORT IN BANGKOK, THAILAND.

    14/09/2020 - EFE Inglés
  • What Matters Most In Deciding Whether To Pay Off Your Mortgage Early

    Especially in uncertain times like these, the dream of owning one's home free and clear is an enticing one. On the other hand, isn't saving for retirement, or college funds more important? According to Business Insider, if you have the opportunity to pay off your mortgage early, the deciding factor comes down to just one thing: interest rates. If the rate on your mortgage is higher than the rate you'd earn by investing cash in the stock market, pay down the debt first. But before you do that, run the numbers to see if refinancing your mortgage would make sense. If so, you can apply the freed-up cash towards your high-interest debt. Once that's cleared up, pay off the mortgage!

    13/01/2021 - Wochit
  • How One Waitress Annihilated $6K Of Student Loans In Just Two Months

    If you're struggling to pay off debt, consider what one waitress did to clear up $6K of student loans in just eight weeks. Business Insider reports Chelsea Clarke started waitressing upon graduating from college, and immediately adopted four key financial strategies. Business Insider reports she hustled for side gigs first. She picked up extra shifts and networked with her customers to land website design jobs. Next, she kept her money in cash. Paying for things in cash immediately caused her to reduce her spending. Then, she used a spreadsheet to track every bit of income and expenditure. That kept her on track so she could adopt her fourth strategy. The fourth tactic was to use her spreadsheet to set weekly goals and, if she met them, to celebrate in an affordable but meaningful way!

    29/12/2020 - Wochit

More videosBusiness

Watch video of The Post-Brexit Recovery Across European Markets Has Stalled With Major Share Indexes Mixed And Safe-haven Demand For Precious Metals Helping The Price Of Silver Surge To A Near-two Year High.  But,  As Sonia Legg Reports, Trading Volumes Were Light Becasue Of The July 4 Public Holiday In The United States. - European shares end post-Brexit rally - Label : Reuters EN -
Business

European shares end post-Brexit rally

04/07/2016 15:56:29

Watch video of BP Slumps To Its Worst Annual Loss In 2015, The British Oil And Gas Company Announces, And Says It Will Cut Thousands More Jobs In The Face Of A Deep Rout In Oil Prices. Hayley Platt Reports - Oil prices drag BP to worst annual loss - Label : Reuters EN -
Business

Oil prices drag BP to worst annual loss

02/02/2016 14:51:34