Thai Airways International’s board yesterday approved in principle a Bt20b debt restructuring plan while setting a performance target for new president Piyasawasdi Amranand. The board also nominated Pravit Ratanapien, a former science and technology minister, for executive chairman. Chairman Ampon Kitti-ampon Ampon said the flag carrier would issue new shares and bonds to refinance its short-term debts with longer-term obligations. A capital increase
plan will be completed in March or April. THAI debt restructuring approved (Source: The Nation Website)Thai Airways International’s board yesterday approved in principle a Bt20b debt restructuringplan while setting a performance target for new president Piyasawasdi Amranand. The boardalso nominated Pravit Ratanapien, a former science and technology minister, for executivechairman. Chairman Ampon Kitti-ampon Ampon said the flag carrier would issue new sharesand bonds to refinance its short-term debts with longer-term obligations. A capital increaseplan will be completed in March or April.
