BANGKOK -- Loss-making Nok Airlines, a budget carrier listed on the Stock Exchange of Thailand, will undergo a court-supervised rehabilitation, becoming the second Thai airline to file such a request this year, following national flag carrier Thai Airways International.
The Central Bankruptcy Court has issued an order to accept the petition for consideration, according to a Nok Air statement filed at the SET on Friday. The carrier's board of directors decided to lodge the application at a meeting held on Thursday; it was submitted the same day.
