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Saturday, May 4, 2024

GSB ready to assist THAI, Oil Fuel Fund

A Thai Airways International Boeing 777-300ER aircraft is seen parked at Suvarnabhumi airport.

The Government Savings Bank (GSB) stands ready to extend loans to Thai Airways International (THAI) and the Oil Fuel Fund to boost their liquidity if the government adopts a policy for it to do so, said GSB chairman Prapas Kong-Ied.

He added that though the national flag carrier is no longer a state enterprise, it is still majority owned by the state.

However, the airline has yet to apply for any loans from the bank, he said.

He said THAI has considered applying for a syndicated loan of around 25 billion baht in the form of a joint loan extension by around 4-5 banks to boost its liquidity.

He added that the Oil Fuel Fund has yet to ask…

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