Seven Thai airlines seek US$770mil in state support

TheStar Fri, Aug 28, 2020 08:23pm - 3 years View Original


This file photo shows aircrafts of AirAsia group at Don Mueang International Airport in September 2019. Thai AirAsia and Thai AirAsia X are among seven Thai airlines seeking state help to weather the coronavirus crisis.

BANGKOK (Reuters) - Seven Thai airlines are seeking a combined 24 billion baht (US$770 million) in low interest loans and other support measures, the government said on Friday, joining carriers across the world in requesting state help to weather the coronavirus crisis.

Airline executives made the request to Prime Minister Prayuth Chan-ocha, aiming to maintain liquidity and avoid layoffs, the government said in a statement.

"The government will consider the requests from the airlines and find ways to support operations, including unlocking air travel, and boost domestic tourism," Prayuth said.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

AAX 1.200
AIRPORT 9.870
CAPITALA 0.650
SMILE 0.150

Comments

Login to comment.