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

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Breaking News. Image: GoodManPL (Pixabay).

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

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