Airports of Thailand Plc is taking out a 25-billion-baht loan, the first time it has borrowed money since it was created more than four decades ago.
AoT president Nitinai Sirismatthakarn said on Monday the loan was needed because of losses accrued during the pandemic, and it highlighted the severe impact Covid-19 was having on AoT and the aviation industry as a whole.
Mr Nitinai said the AoT was likely to suffer a cashflow problem due to the drastic fall-off in foreign tourism. The worst of it would not be felt until the next fiscal year, beginning in October.
The AoT also faces limited cashflow after investing in the Phase…
