KONTAN.CO.ID - BANGKOK. A group of seven Thai airlines are seeking a combined 5 billion baht ($152.16 million) in low interest loans from the Thai government to help weather the effects of the coronavirus crisis, the Thai Airlines Association said on Wednesday. The seven airlines had initially requested $770 million in soft loans, but had not received government support. "We have reduced the request from last year and the 5 billion baht will only cover employment and doesn't include leases, jet fuel and other expenses," Thai Airlines Association president Puttipong Prasarttong-Osoth told reporters.
Seven Thai airlines seek US$ 152 million in government soft loans
KONTAN.CO.ID - BANGKOK. A group of seven Thai airlines are seeking a combined 5 billion baht ($152.16 million) in low interest loans from the Thai government to help weather the effects of the coronavirus crisis, the Thai Airlines Association said on Wednesday. The seven airlines had initially requested $770 million in soft loans, but had not received government support. "We have reduced the request from last year and the 5 billion baht will only cover employment and doesn't include leases, jet fuel and other expenses," Thai Airlines Association president Puttipong Prasarttong-Osoth told reporters.