Thai Airways Intl (TAWNF)

[HabibiFresh]

Okay here is the list I compiled for why they don't want company going down!

Finance minister, largest shareholder, implied many times they won't let this company fall Deputy prime minister same thing! Attorney representing creditors also said same thing!

National reasons

Lots of employees

Tourist season and Thailand gets 20% of revenue off tourism

Government just approved 45b for economy

Creditors wouldn't want to walk away with 12% (all assets of Thai light assets) when they can get fully paid in 3 years (I also I doubt the gov doesn't take care of them in the short term or pay them in installments leading up to 3 years) same thing for the 6 year bond holders

Changes in company such as executives and cutting expenses

Pandemic going under control with vaccinations

MOU for Thai and THPD to collaborate in e-commerce and covers domestic vaccine deliveries and logistics, PM resided over first covid vaccine delivery

Institutional investors! (Https://finance.yahoo.com/quote/TAWNF/holders?p=TAWNF)

Company Services 62 destinations in 31 countries