Connect with us

Coronavirus Thailand

Thai airlines have their hands out for an extra 8.8 billion baht

Published

 on 

PHOTO: blayneychronicle.com.au

The Cabinet approved loans totalling 16 billion bath on March 26 for 7 Thai airlines who had endured a negative impact, or a complete collapse, from the Covid-19 pandemic. Yesterday reports out of the aviation industry say that the number of airlines looking for government aid for low-interest loans is now up to 24.15 billion baht.

A total of 8 airlines have joined together to apply for the loan by sending a letter to the Ministry of Finance looking for a raise in the original loan. The airlines are as follows…

  • Thai Lion Air, 3.75 billion baht.
  • Bangkok Airways, 4,5 billion baht.
  • Thai AirAsia, 4,5 billion baht.
  • Thai AirAsia X, 3 billion baht.
  • Thai Smile, 1.5 billion baht.
  • Nok Air, 4 billion baht.
  • NokScoot, 3.5 billion baht.
  • Thai Vietjet Air, 900 million baht.

The airlines have asked for an interest rate of 2% for a period of five years to repay the loans, with the first payment of principal and interest scheduled for January 2021. They claim that they need the government loans to keep their businesses afloat and retain the services of over 30,000 Thai employees.

The airlines also say they need the government to pay the first 25% of the total loan within tis month.

SOURCE: The Nation

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

My name is Anukul, I a writer for the Thaiger, I specialise in translation articles and social media, and assisting with our video production. I previously worked at Phuket Gazette and attended BIS international school in Phuket.

Follow Thaiger by email:

Guides8 hours ago

Foodie Zone: Where to get vegan desserts in Bangkok 2022

Thailand10 hours ago

Thailand News Today | 36 dead in a mass shooting at a nursery in northeast Thailand

Guides10 hours ago

5 best wine bars in Bangkok offering rich and quality wine

Sponsored16 hours ago

Segafredo Zanetti Coffee teamed up with Bangkok Airways and hosted “Bangkok Airways Surf Festival 2022”

North East10 hours ago

Hip businesses in northeast Thai province offer tasty food and fun experiences

Crime10 hours ago

British CEO arrested at Bangkok Airport over 40 million baht fraud accusations

Thailand10 hours ago

Thailand’s 5 national parks raise entry fees for foreigners by 100%

Join the conversation on the Thaiger Talk forums today!
Bangkok10 hours ago

Ari around invites Ari people to share good deeds through the app.

Press Room10 hours ago

Where to order cannabis/weed in Thailand

Chon Buri11 hours ago

Trouserless Chon Buri man crashes car into power pole

Entertainment11 hours ago

‘The Trapped 13’ lets Wild Boars speak for themselves

Thailand11 hours ago

Reported Bangkok VIP casino vanishes into thin air

World11 hours ago

Australia sets goal of preventing any more species from going extinct

Crime11 hours ago

Mass shooting in Thailand: 36 dead, including 24 children, 12 injured

Thailand11 hours ago

9 Thais arrested in South Korea for smuggling drugs

Drugs11 hours ago

Police snag 2.5 meth pills in checkpoint stings

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending