The Thailand government has given  a $1.8 billion bailout for struggling flag carrier Thai Airways. According to local media The State Enterprise Policy Committee meeting approved “in principle” the proposal to  prop up the airline. The Finance Ministry is expected to guarantee a loan worth 50 billion baht to rescue the business. In an announcement on Wednesday, the government also confirmed that a committee of aviation and business professionals will oversee the airline as it restructures its debts and raises capital. The committee assigned a financial consultant to work out a rehabilitation blueprint to be submitted to the Thai Airways board. Central to

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In