ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Transportation

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more