BANGKOK: Thailand's cabinet approved a plan to restructure troubled Thai Airways International's finances through a bankruptcy court, the Southeast Asian country's prime minister said on Tuesday .
Colombia's Avianca Holdings SA and Virgin Australia Holdings have filed for bankruptcy protection since the pandemic broke out. "The government has reviewed all dimensions ... we have decided to petition for restructuring and not let Thai Airways go bankrupt. The airline will continue to operate," Prime Minister Prayuth Chan-ocha told reporters at a news briefing.
Operations including passenger and cargo transportation will continue in parallel with the plan, he said. READ: COVID-19 - Meeting new travel demands among focus of Singapore Airlines' newly created task force