Thai court accepts budget carrier Nok Airlines' petition for bankruptcy protection

Thailand’s bankruptcy court on Thursday said it had accepted a petition from low-cost carrier Nok Airlines Pcl for bankruptcy protection, as the coronavirus pandemic worsened conditions for the struggling airline. The court set the first day of hearings for Oct. 27. Its acceptance gives the budget carrier an automatic stay on debt worth 26 billion baht ($828 million). (www.reuters.com) More...