THAI expects to exit rehabilitation plan mid 2024

13 Sept 07:37 Key points summarised by AI

Thai Airways (THAI) is set to exit its court-sanctioned rehabilitation plan by mid-2024, three months ahead of schedule, following four consecutive profitable quarters and a 171% surge in Q2 pre-tax profits.
The airline plans to register on the stock market by March 2025, manage its substantial debt with full settlement expected by 2031, and invest 7 billion baht in an aviation maintenance center.

Government to start building Chainat-Pasak-Gulf water diversion canal next year

Today 14:58 Key points summarised by AI

Thailand's government will launch the "Chainat-Pasak-Gulf" water diversion canal project in fiscal year 2027, a seven-year mega-infrastructure initiative.
This permanent structural solution aims to mitigate recurrent central plains flooding by diverting water from the Chao Phraya River directly into the Gulf of Thailand, significantly reducing flow to major cities like Ayutthaya and Bangkok.
Prime Minister Anutin Charnvirakul justifies the long-term investment as a means to reduce future damages and fiscal burdens, contrasting it with the 40-50 billion baht spent annually on short-term flood relief.
Concurrently, the Prime Minister instructed officials to expand drainage capacity into the Tha Chin River and swiftly remove water hyacinths to improve immediate flood management.