Thai Airways International Pcl plans to raise around 44 billion baht ($1.27 billion) through a rights offering, which will help the airline exit its court-supervised debt restructuring.

The airline has set a share price of 4.48 baht for its 9.82 billion new shares. Existing shareholders will have the opportunity to purchase 4.5 new shares for each share they currently hold. This move is expected to enable the airline's stock to resume trading and improve its financial position as it moves forward from the restructuring process.