THAI to borrow additional Bt10 bn
Fri, September 11, 2009
Thai Airways International Plc is borrowing Bt10 billion baht from two banks to help increase its liquidity, Chairman Ampon Kittiampon said after the board's meeting on Friday.
The airline has borrowed Bt18 billion to improve its liquidity, following the fewer number of passengers as a result of economic slowdown, the flu and domestic political turbulence.
Ampon said two banks have shown interest in extending the Bt10 billion loan.
nationmultimedia.com