Thai Air Creditors Delay Vote on Debt Restructuring Plan
- Airline is seeking freeze on debt repayments, interest waivers
- Creditors set to vote on debt rehabilitation plan on May 19
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Thai Airways International Pcl delayed a vote on its restructuring plan by a week after some creditors pushed for changes and sought time to study some last-minute tweaks unveiled by the administrator.
The creditors will now meet again on May 19 after 20 of them proposed postponing the vote, Thai Air said in a statement. At Wednesday’s meeting held by video conference, some debtholders sought more clarity about details of the restructuring plan which included some changes, the carrier said.