THAI AIRWAYS GETS BRIDGE LOAN

Thai Airways is set to get funding support from the Public Debt Management Office amounting to 54 billion Thai baht but with a warning for the Thai national carrier to make its business viable.

Bangkok Post reported that the State Enterprise Policy Committee chaired by Prime Minister Prayut Chan-o-cha recently approved in principle the airline's business rehabilitation plan.

But Gen Prayut said that the Thai Airways rescue plan is yet to get cabinet approval even as he warned that cost-cutting measures would have to be put in place that would include downsizing of personnel.

He warned that there would be no second chances for the flag carrier, which was already losing money before the corona virus played out, and a rehab plan should come in play. #coronavirusimpact #COVID19