Export-Import Bank of Thailand (Exim Bank) will continue to provide loans to the local airlines next year, said the bank's president Rak Vorrakitpokatorn. He expects the airlines' revenue next year will reach 30% of the revenue level recorded prior to the Covid-19 pandemic. The bank has provided loans of around 4 billion baht to the local airlines. Mr Rak said the bank stands ready to provide loans to local carriers without the need for collateral but they will have to place half of their revenue in their accounts at Exim Bank. Exim Bank will provide loans to them at the amount of up to 50% of their revenue.

Source: Bangkok Post November 01, 2021 06:14 UTC