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The carrier's petition for rehabilitation, filed on 27 May 2020, was granted by the Central Bankruptcy Court on 14 September, allowing the company to proceed with its recovery plans.. A new slate of seven planners were nominated by the company and also approved by the court. Thai Airways puts refunds on hold - Business Traveller If the airline goes bankrupt then you may not get it at all. Fliers who had booked tickets of Jet Airways, which was grounded on April 17, and are still waiting for refunds are set to get back a part of their money, sources said. I got my refund months ago, paid for my flights with my Santander credit card, contacted Santander and around 4 weeks later Santander refunded the full ticket cost. It's more bad news for fans of four-engined jumbos and First Class cabins this week, with Star Alliance member Thai Airways confirming that it will significantly shrink its fleet and workforce as part of a . The Thai cabinet on Tuesday approved the ailing state enterprise Thai Airways International (THAI) to file for bankruptcy protection at the Central Bankruptcy Court to rehabilitate its business in the face of Covid-19 disruptions, evaporating liquidity and insurmountable debt, ending all possibility that the airline will receive any financial assistance from the government. Thaiger. Maarten Van Den Driessche - 5 June 2020 1. Thai Airways is nothing but a SCAM. REBOOKING AND TICKET EXTENSION: THAI will waive the applicable change fee so passengers can rebook now or extend the validity of their ticket and rebook later when you are ready to do so, for travel up to 31 st December 2022. The troubled national flag carrier's PR department said yesterday it is unable to offer refunds at this time as the Central . The airline will continue to operate". They paused all refunds in May 2020. Even so, the airline's website warns against making flight bookings right now, noting that prompt refunds should not be expected if flights are cancelled. COVID-19: Thai Airways to retire A380s, A330s and 747s ... Thai Airways is the latest airline to bid farewell to the Airbus A380, potentially spelling the end for the carrier's First Class cabins. However, the Court requires two additional dates for the completion of the proceedings, 20 and 25 August 2020, whereby THAI's witnesses shall be called in . These 'sealed route' flights are for transit/transfer international passengers visiting Samui under the 'Samui . In 2017, the airline lost US$67.2 million. When it comes to Sydney, Thai Airways expects to operate a weekly flight to Bangkok between January and March 2021. Through my wife's friend we learned that Thai Airways had in fact paid out the refund early last year but the travel agency she is a sub-agent for had held onto the money because of cash flow problems of their own. Thai Airways International Flights To Remain Grounded For ... The latest breaking news, comment and features from The Independent. I booked a flight to Bangkok, Thailand in January 2020 and due to the ongoing Coronavirus pandemic situation I contacted the airline Thai Airways and they informed they would refund me within 6 months. 3. Government will not re-capitalise struggling Thai Airways ... Last month, Thai Airways received the approval of its creditors to go ahead with a fresh rehabilitation plan. The airline said: "The number of executive positions has been reduced from 740 to about . Thai Airways Gets Approval for Restructuring of $12.9 ... For customers awaiting refunds, the process is still temporarily suspended until further notice and resumption will be determined by the Court process. Daily Sydney-Bangkok services are then scheduled from March 28. The flight from Phuket to Sydney is available on Tuesday, Thursday, and Saturday. Thai Airways will resort to the country's Bankruptcy Act to enter a sweeping "rehabilitation" plan following the government's refusal to extend a bailout package to the trouble's flag-carrier.. Thai Airways says it has cut around 240 executive positions as part of its bankruptcy restructuring process. Thai Airways Has Defaulted On Nearly $3 Billion Worth Of ... The government of Thailand announced Tuesday (19 May) that flag carrier Thai Airways International will be restructured in a bankruptcy court in a process that was finalised Monday by the country's State Enterprise Committee, which oversees policies for state-owned enterprises. And if you cancel tickets after 24 hours then you would be charged with some cancellation charges and only some percent of ticket would be refunded. I was told then I would get a refund minus an 8,000 Baht cancellation fee which means I`m owed around £1,600 and would receive the refund within 60-90 days. Thai Airways gets court approval for debt restructuring ... Thai Airways Files For Bankruptcy Protection, Won't Refund ... Thai Government Will Not Recapitalize Or Guarantee Thai ... Thai Airways Refund. Save. Thai Airways Bankruptcy News August 20, 2021 Rushdi What is the current situation at Thai Airways and just how are they tracking with their bankruptcy protection and major overhaul to the airline's operations including fleet, finances and more! Section 75. Thai Airways News & Announcements | Thai Airways International Thai Airways can not look to the Thai Government for additional money or even loan guarantees as it's creditors will meet this week to decide about the next steps in the carriers path.. Creditors are meeting on Wednesday to decide whether to accept the airline's debt restructuring plan which might present a point of reckoning as far as the quality of their debt is concerned. (they owed about $750m) Their restructure plan was approved in June 2021 and they said they would restart refunds. For flight change or refund, please contact local THAI office or call THAI Contact Center, tel. Thai airways last week before bankruptcy acknowledged that the process for refund had started and would take about 120 days. 05 November 2021. Thai Airways extends flight cancellations between Brussels and Bangkok until end of July. If you miss your flight and . The THAI Special Assistance form has been updated to accommodate disrupted customers with tickets issued before 31 May '20 and booked for travel with cancelled flights and who wish to register a claim. 2. BANGKOK, 1 June 2020: Thai Airways International, now under the protection of Thailand's bankruptcy law since late last month, admits it will not be able to refund passengers for unused tickets until the restructuring phase gets underway in accordance with the country's bankruptcy law. Save. Thai Airways, like every other carrier in the world, has suffered because of the COVID-19 pandemic and the virtual . Cancel your booking: if your flight has been cancelled by THAI you can also apply for a refund without a penalty fee. Infinite 8 Let's Celebrate 8th Anniversary with Thai Lion Air. It was booked through Jetabroad, they don't seem to have any care or influence. Thai Airways can not look to the Thai Government for additional money or even loan guarantees as it's creditors will meet this week to decide about the next steps in the carriers path.. Creditors are meeting on Wednesday to decide whether to accept the airline's debt restructuring plan which might present a point of reckoning as far as the quality of their debt is concerned. (To ask for refund of the domestic flights in conjunction with flights to/from China, relevant international tickets must be presented as proofs.) September 16, 2021 - Representative of Management and staff of Thai Lion Air joined Blood Donation at the Thai Red Cross Society. News Update : for the latest information on THAI's ongoing rehabilitation plan, please see the update published at thaiairways.com on 27 Jan '21. In a statement issued to media, the Star Alliance member - whose domestic and international flights remain grounded by the coronavirus pandemic - said the Thai Cabinet had approved a reform plan . Posted November 12, 2020. Under the CIRP process, Jet Airways resolution professional had received over 5081 claims for section ticket refund' worth . 19 January at 11:46AM. They'll take your money, cancel your flight, then refuse a refund. The carrier grounded its fleet in early April due to the Covid-19 crisis, and is now unable to refund tickets purchased for the period since. Update: Thai Airways Avoided Bankruptcy. Support us. The flights will be offered until January 25. 4 Nov. 2021, 6:04 am. If you cancel tickets within 24 hours of booking then you will be eligible for a full refund without any cancellation charges. Photo: Getty Images. Inching closer. . Thai Airways' recent declaration of bankruptcy and debt rehabilitation has left many holders of unused tickets high and dry. TG: Cash refunds on hold for now. Struggling national flag carrier Thai Airways International expects to make a profit in 2024 if the government's policy of reopening Thailand to foreign arrivals proceeds smoothly, said Piyasvasti Amranand, chairman of the Rehabilitation Plan Administrators, on Monday. I have waited more than a year. All tickets issued on or before March 17, 2020 with travelling period until 30 April, 2020 are allowed . The government of Thailand is allowing national flag carrier Thai Airways International to restructure under the supervision of the local bankruptcy court. Attach File Attach Files. Pantip Sripimol from the SEPO says the Thai Finance Ministry will not re-capitalise the carrier, although it remains its largest shareholder. Jet Airways was dragged to NCLT in June 2019, over unpaid dues. Since last spring, airlines have faced financial problems and the footprints of passengers whose flights have been canceled remain awaiting refunds.Last week it Announcement of … With 91.56% of credits supporting the plan, Thai finally had a way to deal with its enormous debt pile of $13.4 billion. A total of 2,144 journeys have been chopped from BA's winter schedule, more than half of which were planned for January, the website Simple Flying reported. Next. Contribute. The Thai Government has also announced that from the same date, Australian passport holders will be added to the quarantine-free arrival list. There is no word yet when the remaining amount will be refunded. "Thai Airways will enter a rehabilitation process under the court. Something happened here that makes me, unwillingly, think about intentions and "Thai before foreigners", as we see more often unfortunately. 21 Jun 2021, 10:18. Thai Airways customers in limbo after refunds put on holdPeople whose flights were cancelled by beleaguered airline face three-month wait over payment decision A beach on Thailand's Andaman . The airline was previously seeking a 58 . Select files. The Corporate Image and Communication Department of Thai Airways International Public Company Limited (THAI) has clarified that due to the temporary suspension and disruption of operations following the COVID-19 outbreak which resulted in a significant number of passengers being unable to travel, THAI has offered to accommodate passengers who were subject to flight cancellations or travel . Thai Airways Refunds -- Latest Info? The State Enterprise Policy Office says the government will not back a billion-baht cash injection for Thai Airways. Thai Airways. Thai Airways Gets Approval for Restructuring of $12.9 Billion Debt. Thai Airways has to put refund requests from customers on hold as it undergoes debt rehabilitation proceedings through Thailand's Central Bankruptcy Court, the carrier said in a media statement. Thai Airways Creditors Set to Vote on Debt Restructuring Plan finance.yahoo.com - May 11 at 10:28 PM: Thai Airways International PCL bloomberg.com - April 18 at 5:16 PM: Thai Airways customers in limbo after refunds put on hold uk.finance.yahoo.com - March 25 at 11:17 AM: Thai Airways Disputes $7.4 Billion of Aircraft Lessor Claims This refund was already confirmed before the bankruptcy. Thai Airways is the latest international airline to suspend flights to Australia and New Zealand due to the impact of the coronavirus on both passenger demand and Australia's recently-imposed travel restrictions.. Thai Airways already offered me flight . Bangkok Airways has announced a host of options for passengers holding tickets,issued on or before March 17 2020 for all flights until April 30, but no longer wish to depart on the scheduled dates. Free Baggage allowance 10 kgs. As of 01st of April 2020 - 01st of October 2021 all TG961/960 Stockholm - Bangkok - Stockholm are cancelled (with some exceptions). If it's happening in commercial aviation, you'll get the information and opinions here first. Creditors of Thai Airways approve reorganization plan. Thai Airways has defaulted on debt close to $3bn. Citing asset protection, Thai Airways International (THAI) said on Thursday that the airline will temporary be unable to provide refunds for tickets. I noticed they are starting new flights again, and the courts apparently approved their rehabilitation plan, but I don't know what that means for our refunds. Thai Airways International Public Company Limited (TAWNF) Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio . As luck would have it, the bad news didn't take long to come as the carrier announced that refunds won't be forthcoming for at least six months as the law prevents THAI from any cash disbursements. Bangkok, 26 July, 2021 - The Tourism Authority of Thailand (TAT) would like to provide an update on revisions made by Bangkok Airways to its three-times daily 'sealed route' flights between Bangkok and Samui, which will be effective from 1 August - 30 October, 2021.. It finally happened: Thai Airways has filed for Bankruptcy Protection in Bangkok's Central Bankruptcy Court on Tuesday and the petition was accepted on Wednesday afternoon. Subscribe to our free newsletter and get the latest news, reviews, tips . 3. I bought tickets to Bangkok back in August, 2021. Hi I booked flights to return home early from Thailand last March costing £1.863 which I didn't end up using. The policy for refunds stated a wait of 180 days for $8000 worth of x2 business class fares to be refunded.

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