Asia Aviation, the largest shareholder in Thai AirAsia, says the latest partial lockdown threatens TAA’s financial status, with no government aid forthcoming. AA executive chairman Tassapon Bijleveld says the industry has been limping along without any help for over a year now and wants to know how the government expects to collect tax once large businesses collapse.
In a Bangkok Post report, Tassapon says TAA’s liquidity is in a state of emergency, with the airline having to borrow funds in order to pay salaries this month. TAA is currently undergoing a restructuring process, with new investors providing a loan of 3.5 billion baht, but Tassapon says the process has faced delays as further talks with the authorities became necessary.
Meanwhile, the carrier has suspended all domestic flights, the first airline to do so once the partial lockdown was announced. According to…
