Thailand Market

Thai Airways disputes $7.4bn of aircraft lessor claims

Sumary of Thai Airways disputes $7.4bn of aircraft lessor claims:

  • Thai Airways planes parked at Suvarnabhumi airport (Reuters file photo) Thai Airways International Plc is challenging some US$7.4 billion in claims from dozens of aircraft lessors and engine service provider Rolls-Royce Holdings Plc, saying it is not liable for the monies because they concern future expenses and were incurred after the airline received bankruptcy protection from a Bangkok court…
  • Thailand’s flag carrier, which is undergoing a court-supervised restructuring to trim debt and return to profit by raising fresh capital, is disputing around 192 billion baht ($6.3 billion) claimed by 48 lessors including BOC Aviation Ltd and SMBC Aviation Capital Ltd, and another 33 billion baht that Rolls-Royce says it is owed for maintenance services, according to a copy of the debt rehabilitation plan seen by Bloomberg…
  • The carrier will require 30 billion baht by the middle of this year to resume its scheduled commercial services and pay for one-time employee separation costs, Acting President Chansin Treenuchagron said earlier this month….

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