HB 10 bn to inject into Thai Airways Internatiional

BANGKOK, 29 March 2010 (NNT) – Finance Minister indicated that a budget of 10 billion THB was prepared to be injected into Thai Airways International if clear objective strategies of the company on income earning were presented.

Finance Minister Korn Chatikavanij stated that the government was ready to support Thai Airways International with a budget of 10 billion THB with the obvious management plan of the company. Thai Airways International previously could cut down its expense by 10% and could gain profit following the business improvement plan. The company at the moment has come into an appropriate direction and investors get more confidence, causing a share price rise from seven to 20 THB.

However, the Minister remarked that conditions had been created by the company about the shareholder of 51% and loan guarantee by the Ministry. Those conditions should be resolved for smoothly management process within the organization.