Thai Airways announced that its acting Chief Executive Officer Chansin Treenuchagron had resigned. Suvadhana Sibunruang, currently the Chief of Human Resources, is to take over, the airline revealed in a statement on June 16, 2021.

The decision comes a day after the Central Bankruptcy Court of Thailand gave the final go-ahead for Thai Airways’ rehabilitation plan. Chansin should remain as an administrator to supervise the business rehabilitation.

The business reorganization plan includes a revenue increase plan, expense reduction, work process adjustment, and organizational restructuring to sustainably increase efficiency. The financial reorganization includes debt and capital restructuring.

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The Central Bankruptcy Court gave the final approval for Thai Airways’ rehabilitation plan to move further. What is waiting ahead?