Thai Airways won’t borrow from Government Bank to strengthen liquidity

BANGKOK, Sept 10 – National flag carrier Thai Airways International (THAI) will not ask the Government Savings Bank (GSB) for a loan to increase its liquidity, according to a senior THAI executive.

Areepong Bhoocha-oom, acting chairman of the airline’s executive board, said THAI did not need to borrow from GSB this year because improving ticket sales for the fourth quarter, its available credit lines and postponing delivery of two aircraft from this year to the middle of next year.

Read more: MCOT

Leave a Reply

Your email address will not be published. Required fields are marked *

george


Thailand News delivers the latest updates and in-depth coverage on all things Thailand. We offer a wide array of topics, including breaking news, politics, tourism, business, culture, lifestyle, and entertainment. Get breaking news and the latest news headlines from Bangkok, Phuket, Pattaya, Chiang Mai, Northern Thailand, Isan, the insurgency-plagued South and Asia.