(Bangkok Post file photo)The Finance Ministry plans to inject 10 billion baht into Thai Airways International to keep its shareholding from dipping below 40%, according to the State Enterprise Policy Office (Sepo). The ministry will sell some of the shares it holds in other state enterprises to raise the necessary funds, said Pantip Sripimol, the Sepo director-general. No decision has been made yet as to which state enterprises will be targeted. The debt-ridden flag carrier submitted the revised plan following a better-than-expected recovery from the most financially trying period in its history. The plan requires the Finance Ministry to hold at least 40% of the shares in the carrier.

Source: Bangkok Post October 27, 2022 10:59 UTC