Korn says THAI Airways should file for bankruptcy to enable rehabilitation

13 Sept 05:42 Key points summarised by AI

Former Finance Minister Korn Chatikavanich proposes THAI Airways files for bankruptcy to facilitate court-sanctioned rehabilitation, viewing it as a crucial opportunity for the financially-strapped carrier.
Korn suggests a proposed 50 billion baht government-guaranteed loan should only be made available once the airline formally enters court-sanctioned rehabilitation.
He advises THAI to negotiate debt 'hair-cuts' with creditors, acknowledging the aviation sector's anticipated long-term depression.
Deputy Prime Minister Anutin Charnvirakul and other ministers also support the idea of bankruptcy prior to rehabilitation, opposing a direct rescue plan for the airline.
The cabinet is expected to postpone further discussions on THAI's rehabilitation issue at its upcoming meeting.

Six injured after car smashes into On Nut shopping mall

Today 22:44 Key points summarised by AI

A 67-year-old woman drove her car through the glass frontage of a Bangkok shopping mall, injuring six people, including a six-year-old girl.
The driver claimed she accidentally pressed the accelerator instead of the brake after being startled, causing the vehicle to surge forward.
She apologized to the victims, promising insurance coverage and additional financial aid, while police continue to gather statements before filing charges.