Five things to know about Thai Airways' rehabilitation

Thai Airways International will have to endure a massive overhaul of its business and management for years to come in a rehabilitation process under the court's supervision, after the COVID-19 pandemic sent the national carrier into deeper debt. The final day of initial hearings at the Central Bankruptcy Court will take place on Tuesday. The airline's board members and its consulting partner EY Corporate Advisory Services will attend court as witnesses, facing lawyers representing creditors. At the end of Tuesday's hearing, the court is expected to decide whether to give the green light to the cash-strapped carrier's rehabilitation strategy formulated by nominated planners, who include the board members and the consultancy. Story looks at why Thai Airways entered rehabilitation, what the rehabilitation plan should include, whether the airline be able to carry out its rehabilitation plan without hindrance, whether THAI will be able to raise funds through its rehabilitation and whether the global environment will be conducive for its rehabilitation.<br/>