Thai Airways on track with rehabilitation plan: president

Thai Airways acting president Chansin Treenuchagron has offered reassurance that the carrier is working “diligently” to ensure its rehabilitation plan will be submitted by its “specified timeframe”. The Thai flag carrier said on 5 January that it would submit the plan by 2 February, after being granted a one-month extension to a previous deadline of 2 January. The plan requires approval by the airline’s creditors. “Due to the ongoing circulation of news regarding the rehabilitation plan of Thai which may cause public confusion, Thai would like to reassure to the public that Thai’s rehabilitation plan is still in progress without any interruption under supervision of the [Central] Bankruptcy Court,” Treenuchagron said Wednesday. “The rehabilitation plan involves many creditors and complex issues that require consultation from professional advisers and experts in order to submit the rehabilitation plan within a limited period.”<br/>