Thai AirAsia X Files Seeks Bankruptcy Protection While Resuming Some Flights

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Thai AirAsia X, the long-haul budget airline under the AirAsia group, said its application for bankruptcy protection was accepted by Thailand’s Central Bankruptcy Court, Forbes reported. "Thai AirAsia X has entered into rehabilitation at an appropriate time with tourism recovering and the nation reopening”, Patima Jeerapaet, chief executive of Thai AirAsia X said in a statement released on Thursday. The carrier says it’s aiming to revamp its administration process and restructure its debts as part of its efforts to deliver greater efficiency and establish a solid platform for future growth. The company didn’t disclose the figure for its debts. Thai AirAsia X said the process will have no impact on its operations, and that it plans to resume flights to South Korea and Japan beginning in June. The airline had suspended all of its flights since March 2020. Read more.
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