Thai Airways seeks to raise up to $1.27b as restructuring plan nears completion

Thai Airways seeks to raise up to $1.27b as restructuring plan nears completion

FILE PHOTO: Workers service a Thai Airways Airbus A380-800 aircraft at Bangkok International Suvarnabhumi Airport, Thailand September 3, 2019. Picture taken September 3, 2019. REUTERS/Amr Abdallah Dalsh/File Photo

Thai Airways International is planning to raise as much as 44 billion baht ($1.27 billion) by issuing 9.82 billion new shares, a top executive said Wednesday, as it nears completion of its restructuring plan.