Thai Airways’ finances “alarming”
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
Thailand’s Deputy Prime Minister has said the financial state of flag carrier Thai Airways is “alarming” and promised the government would step in to help it.
According to an AFP report, Suthep Thaugsuban had proposed talks between the finance and transport ministries to resolve the crisis at the airline, in which the government holds a majority stake.
“The problem at Thai Airways (THAI) is very alarming and the government will take care of it absolutely,” Suthep was quoted saying.
“I have to admit that the government is very concerned because as of now the airline still has not submitted its rehabilitation plan,” he added.
On Tuesday Finance Minister, Korn Chatikavanij, had said the carrier would have to submit a detailed recovery plan in order to receive taxpayer funds. AFP said THAI needed THB19 billion (US$54.4 million) to resolve its liquidity problem this year.
Last week the airline said it was moving all its remaining domestic flights from the old Don Mueang airport to the new Suvarnabhumi Airport to save up to THB700 million a year.
It was also delaying the delivery of six A330 aircraft from Airbus.
Comments are closed.