Thai Airways Intl (TAWNF)

[Space Cats]

$TAWNF "PM denies B50bn Thai Airways recap plan"

https://www.bangkokpost.com/business/2116055/pm-denies-b50bn-thai-airways-recap-plan

"Prime Minister Prayut Chan-o-cha on Friday denied reports that the government, through the Finance Ministry, would allocate 50 billion baht to recapitalise financially struggling Thai Airways International Plc (THAI).

He was responding to reports the carrier would again become a state enterprise through the re-acquisition of the ministry's majority stake in the airline.

The prime minister said THAI is currently moving through the debt rehabilitation process.

"I have decided that the government will not involve itself in the work of the rehabilitation plan administrators.

"The government will not provide any financial support... When the rehabilitation plan begins to be implemented, we'll then decide how to proceed," Gen Prayut said."

Seems to be some facts...