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Thai Airways on financial brink as government debates rescue

Cash-strapped national flag carrier asks state to guarantee $2.2bn bridge loan

Thai Airways aircraft are parked at Suvarnabhumi airport in Bangkok after the company has suspended most of its international and domestic passenger services. (Photo by Akira Kodaka)

BANGKOK -- Thai Airways International, a listed state-owned enterprise, is dangerously close to becoming the world's first national flag carrier to go bust amid the coronavirus pandemic, with only days left to maneuver out of its latest financial straits.

Down to its last 10 billion baht ($307 million), according to local reports, which is enough to pay its employees for one month, the airline is in talks with the Thai government regarding a bailout.

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