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Thai Airways seeks new capital to resume operations after rehabilitation plan approval

13 Sept 15:14 Key points summarised by AI

Thai Airways secured approval for its rehabilitation plan and now seeks 50 billion Baht in capital (half from government, half private) over three years to restore liquidity and expand operations.
To achieve recovery, THAI has halved its workforce, will reduce its fleet from 102 to 60 aircraft, and may use properties as loan collateral, targeting a five-year exit from rehabilitation.
Optimistic about market recovery due to mass vaccinations and projects like "Phuket Sandbox," THAI anticipates increasing passenger and cargo flights, with initial bookings already showing demand.

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.