Thai Air seeks new loans to fund operations after court approval

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June 15, 2021 7:58 PM

Thai Airways International Pcl seeks new loans to finance operations after a court approved its plan for a debt restructuring of at least Bt 170bn ($ 5.5bn).

The operator was in negotiations with some banks for a loan of up to 25 billion baht as part of a debt resolution program, Chief Financial Officer Emsiri tea said on Wednesday in a videoconference with reporters. The Central Bankruptcy Court today approved the proposal, which was backed by a majority of creditors, the airline said.

“We would like to get new loans as soon as possible, because our operating income cannot cover …

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