On Friday 14th August, the firms auditors, Deloitte Touche Tohmatsu Jaiyos, declined to sign off on the airlines accounts to June 30th citing concerns about financial liquidity, debt defaults and the ongoing losses of the venture as reasons. It comes as the airline industry association IATA points to government support for national airlines worldwide facing $84 billion in losses this year. The body only sees things recovering in 2022 and 2023 in its most optimistic assessment. At Mondays hearing, the acting President of Thai Airways, Mr Chansin Treenuchagron, did promise some relief for disgruntled customers waiting for refunds in respect of flights paid for but later cancelled.
The steep incline of the challenge to save Thai Airways l…
Read the full article at: https://www.thaiexaminer.com/thai-news-foreigners/2020/08/18/thai-airways-shares-slump-bangkok-court-hearing-dates-consider-restructuring-plan/