BANGKOK, Thailand – The Stock Exchange of Thailand (SET) has officially approved the reinstatement of Thai Airways International Public Company Limited (THAI) for trading, effective August 4, 2025, following the resolution of conditions that once placed the national carrier at risk of delisting.
The SET announced it will lift both the “SP” (Suspension) and “NC” (Non-compliance) signs, which had barred THAI from trading since March 8, 2021, when the airline’s 2020 financial statements showed negative shareholders’ equity. The company has since rectified its financial situation and met all requirements necessary for a return to regular trading on the SET.
On August 4, the first day of trading, THAI shares will resume in the Services Industry Group, under the Transportation & Logistics sector. To facilitate fair market operations and price discovery, the SET will not impose ceiling and floor price limits, dynamic price bands, or automatic trading pauses (Auto Pause) on the first day of trading. These safeguards will be reintroduced from the second trading day onward, assuming trading occurs.
Additionally, THAI shares will be reinstated into the calculation of the SET Index starting from the next business day following the resumption of trading.
As part of its reinstatement conditions, THAI’s strategic shareholders—those involved in management—are subject to a “Silent Period,” during which they are prohibited from selling 55% of the company’s paid-up shares for one year. This measure is intended to maintain investor confidence and market stability.
Thai Airways’ return to the trading board comes after a significant restructuring effort and years under rehabilitation. The move marks a key milestone in the company’s recovery journey and reflects its progress in restoring financial health and regulatory compliance.
The airline’s successful petition to lift the delisting warning and resume trading signals renewed investor interest and marks a new chapter for the once-struggling flag carrier.
