News Forum - 6.2 billion baht earmarked by Exim Bank for bailout for airlines

[Thaiger]

Local airlines are getting a cash injection as the Export-Import Bank of Thailand has given over 6.2 billion baht to keep them afloat and planes in the sky. The financial assistance is aimed to increase liquidity and restructure airline debt to stay solvent through the long-lasting Covid-19 pandemic, according to the Exim Bank president. The bank is starting out by suspending 3.5 billion baht of loan repayments and rescheduling debt payments while also providing 2.7 billion baht in new loans to struggling local airlines to prevent them from having to do any layoffs and provide liquidity while the tourism sector […]

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[Jason]

If the Thai Government don't overreact, the funding wouldn't be needed.