Showing 1 - 4 of 4
B3.1bn injection keys Thai AirAsia rejig
Business, Narumon Kasemsuk, Published on 28/04/2021
» Asia Aviation (AAV), the largest shareholder of Thai AirAsia (TAA), is preparing to restructure its business after securing 3.15 billion baht from a new investor as it was unable to obtain a soft loan from the government.
Italthai preps recapitalisation plan for Thai hotels
Business, Narumon Kasemsuk, Published on 01/04/2021
» Italthai Group is preparing a recapitalisation plan for its hotel business in Thailand to stem the impact of the pandemic because a full recovery is not expected for five years.
Airlines still struggle thanks to competition
Business, Narumon Kasemsuk, Published on 18/03/2021
» Though more flights have been planned for the Songkran holiday next month, air traffic in Thailand remains unpredictable as airlines still face losses amid intense competition, according to Nok Air.
Seven Thai airlines to seek B16bn bailout
Narumon Kasemsuk, Published on 28/03/2020
» Seven Thai airlines are likely to seek a 16-billion-baht bailout from the Finance Ministry so they can keep employees while their services are suspended.