11.02.2021 – 17:14 UTC
The Thai authorities has ordered the board of Thai Airways International (TG, Bangkok Suvarnabhumi) to conduct “an extra assessment” of its proposed rehabilitation plan and develop higher options relating to, amongst others, debt restructuring, Deputy Prime Minister Supattanapong Punmeechaow instructed native media.
Following a gathering with the provider’s board, Supattanapong stated the present plan was not particular sufficient in its monetary points, together with the proposed technique for debt restructuring, securing money reserves, and financing the debt servicing price.
“We have to do much more homework and weigh the data we’ve fastidiously to pinpoint the airline’s actual debt-servicing capability,” Supattanapong stated.
He additionally acknowledged that additional privatisation of the airline was doable as a manner ahead. Formally, Thai Airways misplaced its standing as a majority state-owned enterprise in Could 2020, when the Ministry of Finance offered a 3.17% stake within the airline, thus lowering its shareholding to 47.9%. Nevertheless, an extra 17.8% stake is at the moment owned by state-owned Vayupak Fund, whereas different state-owned banks and monetary establishments maintain smaller stakes.
Supattanapong tasked the Ministry…