Thai Airways International Set to Resume Trading on Stock Exchange
Following a comprehensive debt restructuring, Thai Airways International receives approval to return to trading on the Stock Exchange of Thailand starting August 4.
The Stock Exchange of Thailand (SET) has officially approved the reinstatement of Thai Airways International Plc (THAI) to its main trading board, effective August 4, 2025.
This decision follows a prolonged debt restructuring process aimed at addressing the airline's financial instability.
THAI faced potential delisting after its financial statements for 2020 indicated negative shareholders' equity.
Subsequently, the airline underwent a bankruptcy court-sanctioned debt restructuring, which included plans to restructure debts amounting to 400 billion baht (approximately US$11.17 billion).
Key components of this restructuring involved a significant reduction in workforce and fleet size.
To facilitate its return to the market, THAI formally requested the SET to lift its delisting alert and authorized the resumption of trading.
In accordance with regulations, THAI has agreed to a Silent Period, whereby strategic shareholders are restricted from selling 55% of the paid-up capital for a duration of one year.
As a result of the SET's decision, the previous designations of “SP” (suspension) and “NC” (non-compliance) on THAI securities have been revoked.
Trading will commence within the Services Industry Group, specifically in the Transportation and Logistics Sector.
On the initial trading day, THAI shares will not be subject to traditional price limits, dynamic price bands, or auto-pause mechanisms; these rules will apply from the subsequent trading day.
Furthermore, THAI shares will be integrated into the SET Index calculation starting the day after trading resumes.
Since entering the court-guided restructuring program in 2020, THAI has made operational profits from 2023 onwards and successfully exited this program in June.
The airline has been managing losses since 2012, partly due to increased competition from low-cost carriers.
In a strategic move to enhance its operational capabilities, THAI ordered 45 Boeing 787-9 wide-body jets, with an option for an additional 35 jets.
The airline has also indicated its possibility of exercising this option as a part of ongoing tariff negotiations with the United States.
This decision follows a prolonged debt restructuring process aimed at addressing the airline's financial instability.
THAI faced potential delisting after its financial statements for 2020 indicated negative shareholders' equity.
Subsequently, the airline underwent a bankruptcy court-sanctioned debt restructuring, which included plans to restructure debts amounting to 400 billion baht (approximately US$11.17 billion).
Key components of this restructuring involved a significant reduction in workforce and fleet size.
To facilitate its return to the market, THAI formally requested the SET to lift its delisting alert and authorized the resumption of trading.
In accordance with regulations, THAI has agreed to a Silent Period, whereby strategic shareholders are restricted from selling 55% of the paid-up capital for a duration of one year.
As a result of the SET's decision, the previous designations of “SP” (suspension) and “NC” (non-compliance) on THAI securities have been revoked.
Trading will commence within the Services Industry Group, specifically in the Transportation and Logistics Sector.
On the initial trading day, THAI shares will not be subject to traditional price limits, dynamic price bands, or auto-pause mechanisms; these rules will apply from the subsequent trading day.
Furthermore, THAI shares will be integrated into the SET Index calculation starting the day after trading resumes.
Since entering the court-guided restructuring program in 2020, THAI has made operational profits from 2023 onwards and successfully exited this program in June.
The airline has been managing losses since 2012, partly due to increased competition from low-cost carriers.
In a strategic move to enhance its operational capabilities, THAI ordered 45 Boeing 787-9 wide-body jets, with an option for an additional 35 jets.
The airline has also indicated its possibility of exercising this option as a part of ongoing tariff negotiations with the United States.
