THAI liquidity support to be wrapped up next week
The govt expects to conclude a capital injection plan for THAI next week, a govt minister said Thursday. "On the capital needed to support liquidity, it will be clear next week,” Transport minister Saksayam Chidchob said after a meeting with other agencies on the airline’s rehabilitation plan. He did not give details, but in 2010, the govt subscribed to newly issued shares to maintain a controlling stakes in the airline. A committee including the Finance Ministry, which holds a 51% stake in the airline, and the Transport Ministry was formed to oversee the carrier over the next 3 to 6 months, Saksayam said. The govt this week extended a ban on passenger flights until the end of April to limit the spread of the coronavirus. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-04-17/star/thai-liquidity-support-to-be-wrapped-up-next-week
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THAI liquidity support to be wrapped up next week
The govt expects to conclude a capital injection plan for THAI next week, a govt minister said Thursday. "On the capital needed to support liquidity, it will be clear next week,” Transport minister Saksayam Chidchob said after a meeting with other agencies on the airline’s rehabilitation plan. He did not give details, but in 2010, the govt subscribed to newly issued shares to maintain a controlling stakes in the airline. A committee including the Finance Ministry, which holds a 51% stake in the airline, and the Transport Ministry was formed to oversee the carrier over the next 3 to 6 months, Saksayam said. The govt this week extended a ban on passenger flights until the end of April to limit the spread of the coronavirus. <br/>
