Creditors vote Wednesday on THAI rehab plan
Some stakeholders reject debt haircuts
If Thai Airways International Plc (THAI) were to go under on decision day, which is Wednesday, creditors would only be paid 12.9% of what is owed to them, a source at the airline warned.
On Wednesday, 13,000 creditors are voting on whether to accept or reject the debt rehabilitation plan prepared by the company. If they vote it down, the airline will be declared bankrupt and the creditors will walk away with 12.9% of what the airline owes them, the source said.
In the even…
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