State Enterprise meeting okays THAI rehabilitation plan

By THE NATION

 

 

A State Enterprise Policy Committee meeting today (May 18) approved a rehabilitation plan for Thai Airways International to solve the carrier’s financial difficulties, Prime Minister Prayut Chan-o-cha said.

 

The commission, which he chaired, will propose the resolution to the Cabinet for consideration tomorrow.

 

When asked if the plan will proceed under the bankruptcy law, Prayut said the bankruptcy and the rehabilitation plan are not the same thing and the Cabinet will reveal more details later.

 

Source: https://www.nationthailand.com/business/30388047

 

-- © Copyright The Nation Thailand 2020-05-18

 

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This is a case of 'Carry on Calamity'; there will be no 'Restructuring' as the Pillocks running the outfit have no clue how to do it, so just flogging a dead horse and billions more Baht of taxpayers money wasted !

 

Gonna be fun when they realise that this is only the tip of the iceberg.

 

Whats the plan .......Pass ????

 

17 hours ago, webfact said:

A State Enterprise Policy Committee meeting today (May 18) approved a rehabilitation plan for Thai Airways International

 

This is like coming up with a rehabilitation plan for a hard-core alcoholic which consists of giving him an open ended charge account at his favorite liquor store....but only on the condition that he returns the empty bottles.

 

 

Edited May 19, 20206 yr by Hayduke

17 hours ago, webfact said:

A State Enterprise Policy Committee meeting today (May 18) approved a rehabilitation plan for Thai Airways International

Its amazing how everything gets approved.  Never any varying opinions or ideas, just comply comply comply,  Rehabilitation is not the same as bankruptcy.  Rehabilitation still allows the entitled to have some fun before it all comes crashing down.  They obviously need serious help, but it looks more like business as usual.

Well we can't have the "good" people having to pay for their little jollies can we?