Thai Airways’ call for govt hand out

Thai Airways International is calling on the govt for a 20-30 billion baht ($572-858 million) bail-out in the form of a bridging loan.

It needs the cash because it has been losing money and needs to shore up its balance sheet.

Some of the losses are due to events beyond its control – such as the global economic crisis and the temporary closure last year of Bangkok’s two major airports.

But Thai Airways should be a lot stronger than it is.

Bangkok is still a major international hub and Thailand is a popular leisure destination.

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