Aircraft of Thai AirAsia and Thai Airways International are parked at Suvarnabhumi airport. (Photo by Wichan Charoenkiatpakul)
Export-Import (Exim) Bank of Thailand has provided financial assistance to local airlines totalling more than 6.2 billion baht to increase their liquidity and restructure their debt, says bank president Rak Vorrakitpokatorn.
He said the financial aid includes the suspension of loan repayments and debt rescheduling, with a total debt value of 3.5 billion baht.
These relief measures are in response to the Covid-19 pandemic, which has adversely impacted the tourism sector.
The bank also provided loans of 2.7 billion baht to the local airlines to boost their liquidity and retain employment.
Late last year the Thai tourism industry improved as more people travelled, especially during…
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