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Thai Airways struggles to finalize loans for rehabilitation

National flag carrier will no longer actively seek 25bn baht loan from government

Thai Airways, Thailand's cash-strapped national flag carrier, is revising its financial plan for rehabilitation. (Photo by Ken Kodaka)

BANGKOK -- Thai Airways International's rehabilitation program has hit a roadblock as the national flag carrier experiences difficulty in finalizing loans to finance it through its time-consuming overhaul process.

Thai Airways said it will not actively seek a loan of 25 billion baht ($760 million) from the government, Piyasvasti Amranand, a board member in charge of leading the rehabilitation, revealed on Monday.

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