Financial Resurrection: Thai Airways Set to Resume Trading
Thai Airways (THAI) has achieved a major milestone in its financial recovery journey, having successfully resolved the long-standing financial concerns that led to its shares being subject to potential delisting from The Stock Exchange of Thailand (SET). This resolution is a critical turning point for the flagship carrier, erasing the issue of negative shareholders’ equity that was first disclosed in its 2020 annual financial statements on March 8, 2021. By fully rectifying this core financial problem, the company has proven that it meets all necessary qualifications to resume the trading of its shares. To solidify this remarkable turnaround, THAI has formally applied to the SET, seeking removal from the potential delisting list and the reinstatement of its trading activity. Furthermore, in a decisive move aimed at rebuilding and sustaining investor trust, Thai Airways has instituted a stringent one-year “silent period.” This measure specifically bars its major strategic shareholders from selling off shares, which collectively represent 55 percent of the airline’s total paid-up capital, sending a powerful message of commitment to its ongoing successful business rehabilitation.
New Trading Rules Pave the Way for Reinstatement
In recognition of the company’s intensive and successful restructuring efforts, the SET has officially approved the removal of THAI from its possible delisting list, simultaneously lifting the restrictive “SP” (Suspension) and “NC” (Non-Compliance) designations that had been placed on the securities. As a direct result of this clearance, the trading of Thai Airways securities on the SET is now formally scheduled to resume on August 4, 2025. The company will be properly categorized within the Transportation and Logistics sector, which falls under the Services industry group on the exchange. To ensure an orderly and stable transition upon its market re-entry, the SET will implement specific special trading rules for the initial trading session. These temporary exemptions will remove the daily price limits (Ceiling & Floor), the Dynamic Price Band rule, and the Auto Pause rule, remaining in effect until the very first transaction for THAI securities is successfully executed. Following that crucial initial trade, all standard trading rules and regulations will be immediately reinstated, taking effect from the subsequent business day, marking a return to normalized market activity for the airline.
Rejoining the Prestigious SET Index Calculation
The impending resumption of trading represents more than just a return to the market for the restructured Thai Airways; it is a powerful indicator of its broader and successful reintegration into the financial landscape. To ensure transparency, all shareholders and potential investors have been directed to review the detailed information regarding the company’s comprehensive progress and future plans, which THAI has publicly disclosed via the SET’s official disclosure system in a comprehensive Information Memorandum. A particularly significant development that underscores the airline’s recovery is the SET’s announcement that it will once again include THAI securities in the calculation of the highly referenced SET Index. This major development is slated to take effect from the next business day following the completion of the first trading transaction. The re-inclusion in the benchmark index is a vital sign to the market that the airline has not only successfully resolved its critical financial issues but has also firmly re-established its position as a viable, stable, and material component of the country’s main stock market benchmark, solidifying the success of the business rehabilitation plan.
