German government releases royal jet after Thailand posts bond

BANGKOK, Aug 10 – The royal plane impounded in Germany was released after the Thai government posted a 38 million Euro bond in a long-standing dispute with German company Walter Bau AG, former prime minister Abhisit Vejjajiva said on Tuesday.

German insolvency officials seized a Boeing 737 used by Thailand’s Crown Prince Maha Vajiralongkorn while it was parked at Munich airport in southern Germany on July 12. The move was aimed at forcing the Thai government to repay a debt in a commercial dispute dating back over two decades between Thailand and a now insolvent German construction firm which was building a road link connecting Bangkok with the capital’s then international airport, Don Mueang.

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