Thai govt cuts Thai Airways stake to below 51% as part of restructuring exercise

Thai govt cuts Thai Airways stake to below 51% as part of restructuring exercise

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

The Thai government lowered its equity ownership in Thai Airways International PcL to below 51% by selling a 3.2% stake, a regulatory filing showed, as part of the rehabilitation process for the troubled national carrier.