PM denies B50bn Thai Airways recap plan

PM denies B50bn Thai Airways recap plan
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Prayut says govt won't get involved
published :
15 May 2021 at 04:00
Thai Airways International planes are seen at Suvarnabhumi airport. (Bangkok Post file photo)
Prime Minister Prayut Chan-o-cha on Friday denied reports that the government, through the Finance Ministry, would allocate 50 billion baht to recapitalise financially struggling Thai Airways International Plc (THAI).
He was responding to reports the carrier would again become a state enterprise through the re-acquisition of the ministry's majority stake in the airline.
The prime minister said THAI is currently moving through the debt rehabilitation process.
"I have decided that the government will not involve itself in the work of the rehabilitation plan administrators.

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