Thai gets board approval for 3bn baht loan

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Thai Airways' board has given its nod for a committed revolving short-term loan of 3 billion baht ($100 million) over three years from Siam Commercial Bank.

This gives it a total revolving credit line of 5.5 billion baht, says the airline.

Prior to this approval, Thai's board had sanctioned a revolving credit line for 2.5 billion baht including one billion baht secured from Thai Military Bank and 1.5 billion baht from Tisco Bank.