Exclusive: Thai Airways to seek $1.8 billion emergency loan to navigate virus impact - document
Share:
BANGKOK (Reuters) - Thai Airways International PCL aims to seek a 58.1 billion baht (1.44 billion pounds) emergency loan to maintain liquidity and see it through a coronavirus-induced drop in demand, showed a document from the airline detailing its plan.The proposed bridge loan, guaranteed by the Ministry of Finance, was approved on Wednesday by a committee chaired by Prime Minister Prayuth Chan-ocha and will be put to Cabinet for final approval as early as next week, a person involved in the..