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7 Thai airways search US$152 million in authorities tender loans

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BANGKOK: A bunch of seven Thai airways are searching for a mixed 5 billion baht (US$152.16 million) in low curiosity loans from the Thai authorities to assist climate the results of the coronavirus disaster, the Thai Airways Affiliation mentioned on Wednesday (Jul 21).

The seven airways had initially requested US$770 million in tender loans, however had not obtained authorities assist.

“We’ve lowered the request from final yr and the 5 billion baht will solely cowl employment and does not embrace leases, jet gasoline and different bills,” Thai Airways Affiliation president Puttipong Prasarttong-Osoth informed reporters.

The most recent request was round a fifth of the quantity the group had beforehand sought. A Thai authorities spokesperson didn’t instantly reply to a request for remark.

Journey and tourism has collapsed in Thailand because of the pandemic with Thai Airways present process enterprise rehabilitation and low price provider NokScoot, coming into liquidation final yr.

READ: Phuket reports first overseas visitor with COVID-19 after reopening without quarantine requirements

Business flights to and from Thailand have been banned since final yr, main native airways to concentrate on home journey to make up for losses.

Thailand’s aviation regulator final week stopped home flights to and from Bangkok as new causes surged.

A complete of 170 plane belonging to the seven airways have been grounded, and collectively they’ve been incurring employment bills of round 900 million baht a month, the affiliation mentioned in an announcement.

“We’ve requested staff to take go away with out pay as a lot as we will. Now we need to preserve employment for the 20,000 business employees,” Puttipong, who can be chief govt of Bangkok Airways, mentioned, including that some airways may endure downsizing with out the loans.

The business group contains Bangkok Airways, price range provider Thai AirAsia, Thai AirAsia X, Thai VietJet, Thai LionAir, Nok Air and Thai Smile, a unit of the flag provider Thai Airways.

“If we will safe the mortgage, we will go on till the top of the yr,” mentioned Thai VietJet CEO, Woranate Laprabang.

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