Thailand’s Central Bankruptcy Court approves Thai AirAsia X rehabilitation plan

May 20th 2022

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Thai AirAsia X said the country's Central Bankruptcy Court had accepted its submission to proceed through business rehabilitation. Read More » The plan will revamp the carrier’s administration process, restructure its debts, deliver greater efficiency and establish a solid platform for robust growth, the regional LCC said. “Thai AirAsia X has entered into rehabilitation at an appropriate time with tourism recovering and the nation re-opening,” Thai AirAsia X CEO, Patima Jeerapaet, said. “We assure this process will have no impact on our services to passengers or flight plans as it proceeds. Passengers who have booked or are looking to book our flights will be able to fly to South Korea and Japan from June.” He is confident the LCC's stakeholders will fully support the rehabilitation process, Patima said.