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Showing 1-4 of 4 results
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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.
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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.
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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.
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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.
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