Report, image by : Gan Yung Chyan, KUCINTA SETIA
Image : Researcher's Picture
According to Thai media headline news reports, since the government opened the country and relaxed various epidemic prevention policies, various industries have recovered, especially the recovery of tourism is on the rise. Therefore, Thai Airways International (hereinafter referred to as THAI) is expected to no longer need to borrow 25 billion Baht from banks.
THAI Chairman Chai Iamsiri said that the airline has developed a "recovery plan" with a cycle of five years, allowing for a two-year extension, bringing Thai Airways' recovery plan to a maximum of seven years.
At present, Thai Airways has adjusted its corporate structure and investment. At the same time, its performance has continued to improve and its cash flow has increased. As a result, THAI expects to no longer need to borrow 25 billion Baht from banks and to complete the recovery ahead of the time specified in the recovery plan.
It is reported that THAI's shares were temporarily banned from listing in Thailand. As for when it can be relisted, Thai Airways needs to solve the reasons for being delisted and meet market standards. Initially, it was allowed four years to resolve the issue of being delisted, which is 2025.
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