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Page 8 - Thailand Exim Bank News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tourism veering from bad to worse

news Tourism veering from bad to worse The Bangkok Post Airlines, hotels struggle amid crisis © The Bangkok Post Aircraft of Thai AirAsia and Thai Airways International are parked at Suvarnabhumi airport. The Civil Aviation Authority of Thailand reported that number of domestic passengers stumbled 27.1% year-on-year in the fourth quarter, while international flights dropped by 99.1% during the period. Wichan Charoenkiatpakul Airlines and hotels dubbed the tourism situation this year as being a worse crisis than the first outbreak of the pandemic, leaving them to cling to the hope of a remedy from the government. Tassapon Bijleveld, executive chairman of Asia Aviation, the largest shareholder of Thai AirAsia (TAA), said when international tourists return in the future, Thailand might not have enough supply to serve them as most operators have already shut down due to financial problems.

Exim proposing airline aid

Exim proposing airline aid published : 28 Jan 2021 at 06:37 5 A THAI jet parked at Suvarnabhumi airport. The airline is trying to make its cash reserves last until April. (Photo by Wichan Charoenkiatpakul) The Export-Import Bank of Thailand (Exim Bank) plans to propose a loan measure to the Finance Ministry early next month, aiming to beef up liquidity for crippled airlines to retain employees. The proposal emphasises helping airlines retain staff by offering financial liquidity through loans, said Pisit Serewiwattana, Exim Bank s president. The amount of loans will depend on the cost of hiring personnel for each airline, said Mr Pisit. While most of the loan conditions cannot be disclosed yet, loans will be principally offered to Thai-owned airline businesses, he said.

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