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…

https://www.businesstimes.com.sg/infographics/airlines-devastated?

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

Garuda Boss Says Bankruptcy Is Off Table Despite Covid Strains