THAI seeks B25bn loan, expands cargo flights by 30 routesA Thai Airways International plane departs Suvarnabhumi airport. (Bangkok Post file photo)Thai Airways International (THAI) is expected to seek 25 billion baht in loans to boost its financial liquidity as the airline expands its cargo flight services to a further 30 routes from now until March next year. Finance Minister Arkhom Termpittayapaisith said the airline's business rehabilitation plan administrators recently met Prime Minister Prayut Chan-o-cha to report about the plan. Therefore, the airline may need a loan of only 25 billion baht to boost its financial liquidity, instead of an initially estimated 50 billion baht, Mr Arkhom said. Nond Kalinta, the airline's vice president for commercial affairs, said the company will provide cargo flight services on 30 routes covering Asia, Europe and Australia, in line with the airline's winter flight schedule between Oct 21 and March 26.

Source: Bangkok Post November 12, 2021 02:31 UTC