Fate 命运 🇸🇬 ✈

Thai Airways Gets Nod for $11 Billion Debt Rescue Plan

Eventually will include swapping debt for equity, issuing more shares to raise capital, diluting existing share holders, no dividends for years… Run for the exit…


Restructure or die, Cathay Pacific warns as it burns through millions a month

Garuda Boss Says Bankruptcy Is Off Table Despite Covid Strains