Thai Airways International (THAI) on Friday submitted a new debt rehabilitation plan following a better-than-expected recovery from its financial crisis, said Piyasvasti Amranand, chairman of the THAI panel overseeing the airline's court-monitored debt plan.
The amended rehabilitation plan was submitted to the Central Bankruptcy Court.
In the previous plan, THAI expected to face a cash deficit of 50 billion baht and therefore planned to borrow 25 billion baht from state-owned lenders and the rest from private financial institutions, he said.
