Thai Airways Needs $750 Million in Funding, Debt Plan Chief Says

Thai Airways has been undergoing a restructuring process since May 2020, approved by the court in June 2021. The company has extended debt payments, reduced its aircraft fleet, and cut its workforce by 50% to save costs. Despite challenges in obtaining funding, Thai Airways has managed to survive by selling unused assets. The airline is preparing for a full reopening, focusing on efficiency and cost-cutting to ensure profitability post-pandemic.

What was one of the initial steps taken by Thai Airways in their restructuring process?

• Negotiating with creditors to extend debt payments

• Increasing the number of flights

• Hiring more staff

• Expanding their fleet

How did Thai Airways plan to manage their fleet more efficiently?

• By hiring more pilots

• By purchasing new aircraft

• By keeping only a few types of airplanes

• By increasing the number of leased aircraft

What was one of the financial strategies Thai Airways used to survive without external funding?

• Reducing flight routes

• Increasing ticket prices

• Selling unused assets

• Issuing new shares

What is Thai Airways' approach to staffing in anticipation of increased passenger traffic?

• Hiring new staff immediately

• Outsourcing all operations

• Maintaining a reduced workforce with salary adjustments

• Rehiring all previously laid-off staff

What impact did the 'Test and Go' program have on passenger traffic for Thai Airways?

• It led to more flight cancellations

• It decreased passenger traffic

• It had no impact on passenger traffic

• It increased passenger traffic

What is the expected income level for Thai Airways compared to pre-COVID levels?

• 10-20% of pre-COVID levels

• 40-50% of pre-COVID levels

• 70-80% of pre-COVID levels

• 100% of pre-COVID levels

What is the anticipated outcome for Thai Airways if traffic returns to normal?

• The airline will see profitability

• The airline will face bankruptcy

• The airline will need more government support

• The airline will reduce its fleet further