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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.