Thai Airways seeks to raise B50bn

04.03.2021 - 03:11

Funds needed under debt revamp plan

Thai Airways International (THAI) says it plans to raise about 50 billion baht over the next two years as the financially struggling flag carrier submitted its business rehabilitation plan on Tuesday. Chai Eamsiri, acting executive vice president of THAI's Finance and Accounting Department, said an initial amount of 30 billion baht must be raised by June this year to pay for operational costs and compensation for employees who have resigned.

(other, Thailand)

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