North East aviation college faces funding shortfall and allegations of corruption

Almost 200 million baht has “disappeared” from the bank account of the International Aviation College, part of the Nakhon Phanom University. They’ve now approached the Thai government for support to help tackle its liquidity problems. Without an injection of cash the aviation college may have to close down. The IAC has trained thousands of Thailand’s commercial pilots in one of the fastest growing aviation sectors in the world.

The acting president the Nakhon Phanom University has announced that 200 million baht was missing from its accounts. According to the Bangkok Post, Assoc Prof Kittichai Trairatanasirichai had ordered the financial records to be audited to find the missing monies but admitted the college’s funding from the government had been dropping for years.

Nakhon Phanom is in the far north east of Thailand running along the Mekong River on the Laos border.

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