Thai Budget Carrier Nok Air Gets Green Light to Restructure Debt
- Bankruptcy court rules plan must be submitted by first quarter
- Bangkok-based Nok Air flies short-hop routes around Asia
Photographer: SOPA Images/LightRocket/Getty Images
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Thai budget carrier Nok Airlines Pcl obtained court approval to proceed with a debt rehabilitation plan as it weathers a slump in passenger demand due to the coronavirus pandemic.
The nation’s Central Bankruptcy Court said Nok Air should submit its plan by the first quarter of next year, the company said in an exchange filing Wednesday.