Thai Airways Intl (TAWNF)

[TraderX]

Still holding. Curious if/when will restructure

[KeepOn]

Here’s some good news:

https://www.nationthailand.com/thailand/tourism/40026650

[RHF469usa]

Could this be the take off ?
Over a mills,up up and away

[B4I8ahat]

On the runway. Ready for take-off. Engines are go. Stow what you need. Back to your seats. Tray tables up, please. Seats belts on. Some turbulence ahead. We will be reach high altitudes. Oxygen is available.

[Steelyd3]

Continues to get better as the country opens up and flights resume.

[B4I8ahat]

https://ca.sports.yahoo.com/news/covid-curbs-over-chinas-tourists-055121675.html

COVID curbs over, China's tourists hit Thai beaches for first time in 3 years
Kwang JirapornKuhakan
January 21, 2023·2 min read
By Kwang JirapornKuhakan

PHUKET, Thailand (Reuters) - Hitting the white sand beaches and eating mango sticky rice and seafood, Chinese tourists are returning to Thailand for their first trips abroad since China ended its strict COVID-19 curbs and reopened its borders.

"Because of the pandemic, we hadn't been out of China for three years," said tourist and business owner Kiki Hu, 28, in Krabi on Thailand's southwest coast. "Now that we can leave and come here for holiday. I feel so happy and emotional".

With China celebrating the Lunar New Year, Asia's tourist hotspots have been bracing for the return of Chinese tourists, who spent $255 billion a year globally before the pandemic. Countries from Thailand to Japan had depended on China as their largest source of foreign visitors.

Beijing in December abruptly dropped some of the toughest COVID restrictions on earth, which had battered the world's second-biggest economy.

Business owner Yoyo Chen, 32, from Yiwu in central China, said returning to Thailand felt like coming home.

"I'm here to eat seafood. Previously, when I was here, I ate mango sticky rice, which was delicious. Back in China I kept thinking about the mango sticky rice here. I'm looking forward to the food, as well as visiting the beaches," Chen said.

"Getting visas is very convenient now. The tourism industry is more developed here, there are lots of fun activities and cuisine, and the Thai people are very hospitable," she said.

The Chinese return was welcomed by businesses, despite some wariness about a huge spike in COVID infections in China after Beijing ended its zero-COVID policy.

"We're glad that China finally allows their people to travel. At the moment, we've received some bookings through March," said Woranuch Maungtong, 44, manager of Tip-Top Destination on the resort island of Phuket, which provides daily speed boats to nearby islands.

China's reopening raises hopes for the return of Chinese visitors, who accounted for nearly a third of Thailand's 40 million foreign tourist arrivals in pre-pandemic 2019.

The Thai government is expecting at least five million Chinese tourist arrivals this year, with some 300,000 coming in the first quarter.

(Reporting by Kwang JirapornKuhakan in Phuket; Writing by Orathai Sriring; Editing by William Mallard)

[TraderX]

Last week I tried to add, but Fidelity wouldn't allow the transaction. Makes my blood boil

[Steelyd3]

02/06/2023 - Thai Airways Gears up for China Re-Launch: Beijing and Shanghai

LONDON – As the Chinese government relaxes its travel rules in mid-January, Chinese travelers gear up for a mass exodus to Thailand with Thai Airways in Beijing & Shanghai.

Thailand’s flag carrier Thai Airways prepares for relaunching of key routes to China, including the capital Beijing and financial center Shanghai.

The airline is delighted to welcome Chinese travelers back to Thailand after 3 years hiatus.

The Chinese market is one of the most important sources of income for Thailand’s flag carrier, as Chinese visitors make up the largest inbound traffic since the pandemic.

[Steelyd3]

Very

[B4I8ahat]

Interesting day.

[$Pistol Pete$]

Still holding for some big luck here

[Steelyd3]

It could get there IMHO

[fnyack]

It’s taking off get ready.

[mick]

TAWNF http://www.stockta.com/cgi-bin/analysis.pl?symb=TAWNF
https://www.stockscores.com/charts/charts/?ticker=TAWNF
https://seekingalpha.com/symbol/TAWNF
https://www.otcmarkets.com/stock/TAWNF
https://stockcharts.com/h-sc/ui
just change symbol
https://stockcharts.com/c-sc/sc?s=TAWNF&p=D&b=5&g=0&i=t0176762015c&r=1671227019029

[$Pistol Pete$]

$.50 - $1

[mick]

https://www.thaiairways.com/

[mick]

what do ya think dis is worth into 2023

[tutt1126]

Action speaks louder than words. And this old action might repeat for a brand new dividend payment.

https://ir.thaiairways.com/dividend-policy-and-payment/#:~:text=DIVIDEND%20POLICY%20The%20Company%E2%80%99s%20policy%20is%20to%20pay,of%20future%20investment%20plans%20and%20other%20applicable%20factors.

[$Pistol Pete$]

Nice news

[tutt1126]

Nok Air CEO Wutthiphum Jurangkool said in the filing that a fresh focus on capital restructuring, debt restructuring, and some operational changes would avoid the possibility of delisting and deliver better value for shareholders, including parent company Thai Airways International

[floridaboy]

That's what it says. I thought it was something like .074?

[George1234]

$0.29 is the offer price?

[tutt1126]

https://www.ch-aviation.com/portal/news/122619

[George1234]

Thanks. Any other stocks resume on OTC with potential run capability?

[tutt1126]

On Jan 3 2023 , sec rule 15c-11 will be expired. Here read it
https://www.lsta.org/news-resources/the-sec-backs-away-for-now-on-rule-15c2-11/

[George1234]

How soon?

[tutt1126]

Yes

[floridaboy]

US brokerages gonna allow buying?

[tutt1126]

https://nypost.com/2022/11/26/sec-chair-gary-gensler-to-unveil-big-changes-amid-ftx-scandal/

[tutt1126]

Sec is backing away because of the scandal of ftx in FTX IN SEC

[floridaboy]

Interesting, thanks

[floridaboy]

Very positive material

[tutt1126]

The SEC’s amendments to Rule 15c2-11 go into effect on September 28, 2021

Do you remember this.
In canada, you can buy and sell but in usa sec did not allow us to buy or sell.

On Jan 3 2023 , sec rule 15c-11 will be expired. Here read it
https://www.lsta.org/news-resources/the-sec-backs-away-for-now-on-rule-15c2-11/

[George1234]

Thai Airways' administrators reveal share placement strategy
Thai Airways International Boeing 777-300Thai Airways International Boeing 777-300© Tis Meyer (PlanePics.org)
01.12.2022 - 01:08 UTC
The rehabilitation plan of Thai Airways International (TG, Bangkok Suvarnabhumi) continues to exceed expectations, with the airline finding itself earning more revenue, generating bigger profits, and needing less financial assistance than previously forecast. The airline made a THB3.9 billion baht (USD111.2 million) operating profit in 3Q 2022. At the same time, plans for a THB5 billion (USD141.9 million) credit facility have been dropped in favour of a much smaller THB2.5 billion (USD70.9 million) facility involving long-term loans and short-term revolving credit. Thai's recovering fortunes are also accelerating plans for a stock market relisting originally planned for 2025.

On November 29, the Thai government cabinet was briefed on the progress of the airline's rehabilitation plan and how it planned to reorganise its capital structure. Ahead of an anticipated return to trading on the Thai stock exchange (SET), the airline's administrators told the meeting that registered capital will not exceed 31.5 billion shares, with that amount deemed enough to keep the airline capital positive and financially stable. According to a post-meeting media briefing, Thai Airways shares will be divided into five categories, namely;

4.9 billion newly issued shares at the price of THB2.5452 (USD0.0702) per share;
5 billion shares for certain outstanding creditors, namely the Ministry of Finance, to convert THB12.8 billion (USD363.6 million) worth of debt into equity. This tranche covers 100% of the monies owed to the ministry, Thai's major shareholder. These shares will also be sold at THB2.5452 (USD0.0702) per share;
9.9 billion shares made available to other outstanding creditors, namely institutional creditors who have the right under the right to receive money from the sale of aircraft, unsecured financial institution creditors, and debenture holder creditors. This tranche of shares will see this group of creditors recoup 24.5% of the claims against the airline;
1.9 billion shares for another group of creditors that will allow them to convert interest debt into equity. These shares will also be sold at THB2.5452 (USD0.0702) per share; and
9.8 billion newly issued ordinary shares to be offered to existing shareholders in proportion to their existing shareholding at a price of not less than 2.5452 baht (USD0.0702) per share. Thai Airways employees who are shareholders and existing private retail shareholders will have access to the placement.
At the meeting, Thai's administrators asked the finance ministry to support the proposed share placements. If the ministry agrees to exercise 100% of its share rights, the ministry will end up with a 32.7% stake in the airline. State-owned banks, which are also creditors, will finish up with a 10.4% stake in Thai Airways if they exercise their full entitlements. As a result, after any stock market listing, the Thai government may still own 43.1% of the airline.

[Steelyd3]

Hmm. Hopefully this can have a strong comeback someday

[RHF469usa]

This may be the beginning of "something"
Nice to see green,
I see fields of green.......red roses too

[RHF469usa]

Thanks George
I can wait,and pick up some shares at these low low prices till 2025.
Somebody ,maybe not me,but daughter or grands gonna be sittin pretty.

[George1234]

Relists in 2025

[Sparky1234]

When Lambo

[George1234]

Thai Airways forecasts early financial rehab exit https://www.pattayamail.com/thailandnews/thai-airways-forecasts-early-financial-rehab-exit-402030

measures to streamline operations and financial performance will enable revenue growth. With these developments, the airline may be able to resolve its trading suspension issue with the Thai Stock Exchange (SET) before the 2025 deadline.





Following the relaxation of travel restrictions, the airline’s operational losses fell to 3.1 billion baht in the first quarter of this year, down from 6.9 billion baht for the same period last year.

Chai added that THAI is working on mobilizing a new fund as part of the restructuring program currently underway. The company will also sell assets worth about 2 billion baht in order to shift its focus to online ticket sales.
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The International Air Transport Association (IATA) has meanwhile revised the airline industry’s 2022 financial performance. Industry losses are expected to fall to 9.7 billion dollars from an initial forecast of 11.6 billion. In its revision, the association cited increased travel demand – a trend it sees continuing as more countries move to relax curbs. (NNT)




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[$Pistol Pete$]

Patience…we will get there some day soon

[RHF469usa]

Thanks for the update Pete.I believe there is a rainbow just over the horizon.

[$Pistol Pete$]

$TAWNF https://www.bangkokpost.com/business/2316198/airlines-strive-to-restore-their-prospects

[fnyack]

Try TD

[George1234]

Where do you buy?

[fnyack]

Alert! Alert! Alert!
A buying opportunity.

[~BC~]

Simple Flying: Back From The Brink: Thai Airways Restructuring Progressing Well.
https://simpleflying.com/thai-airways-restructuring-plan-progress/

[George1234]

Added back to the Watchlist, Loan approval soon ...

[~BC~]

Simple Flying: Thai Airways' Long-Awaited Return To Profitability In 2021.
https://simpleflying.com/thai-airways-results-show-a-return-to-profitability-in-2021/

[KeepOn]

Holy cow! Of course. I already own a tiny speck.

We shall see.