Methods sought to ease airlines' liquidity crunchFinance Minister Arkhom Termpittayapaisith has instructed the Fiscal Policy Office and the Bank of Thailand to jointly seek ways to relax some of the criteria for state banks to lend to domestic airlines to improve their liquidity. He said both offices should speed up their decisions to help the airlines improve their liquidity during the prolonged Covid-19 outbreak. Mr Arkhom said some government rules might make it difficult for state banks to provide financial assistance to airlines. A ministry source who requested anonymity said the ministry assigned the Export-Import Bank of Thailand (Exim Bank) as the main state bank to provide liquidity to the airline industry. The bank has two lending options for airlines, with the first a provision of one of its own loans.

Source: Bangkok Post September 16, 2021 23:15 UTC