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Sat, July 8, 2006 : Last updated 23:22 pm (Thai local time)



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Home > Business > Transport : Court puts Skytrain operator into rehabilitation with Bt38 bn in debt





IN BRIEF
Transport : Court puts Skytrain operator into rehabilitation with Bt38 bn in debt

The Central Bankruptcy Court yesterday placed Bangkok Mass Transit System Plc (BTS), the Skytrain operator, in rehabilitation.

It designated BTS, which has debts of Bt38 billion, as the temporary plan administrator. But the court's Legal Execution Department will soon schedule a creditors' meeting to appoint a plan administrator to replace BTS, according to the court order.

The company's major creditors are Germany's Kreditanstalt fur Wiederaufbau, Siam Commercial Bank and International Finance Corp.

Its major shareholders are Keeree Karnjanapas' Thanayong Plc with 28.21 per cent; Land and Houses group with 3.13 per cent; Siam Commercial Bank with 2.08 per cent; CS First Boston with 12.67 per cent; B Grimm with 2.08 per cent; CTF Resources with 17.25 per cent; and City Bank Nominee with 3.82 per cent.

Suvarnabhumi test flights : Bangkok Airways tickets go on sale

Bangkok Airways is selling tickets for its maiden flights to Suvarnabhumi Airport at Bt1,599 net per sector.

The airline, in cooperation with Airports of Thailand, will be offering commercial services at the new airport for one day: July 29. Passengers on flights from Phuket and Trat will receive certificates recognising them as among the first people to arrive at this new airport.

On that day, Bangkok Airways will run four commercial flights in and out of Suvarnabhumi with two types of aircraft - the 162-seat A320 and 70-seat ATR-72.

The airport is scheduled to open on September 28.








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