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Eight domestic airlines to meet Thai Finance Minister for loans

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BANGKOK (The Nation/ANN): Eight domestic airlines prepared for discussions with the Finance Ministry today (April 20) on seeking soft loans to keep their businesses afloat after complying with the government’s request not to lay off 30,000-50,000 employees in the airline industry amid the Covid-19 crisis

Thai AirAsia chairman Tassapon Bijleveld said representatives from eight airlines are to meet with Finance Minister Uttama Savanayana to discuss loans at low interest rates to help domestic airlines pay employees’ salaries after the companies have been severely affected by the Covid-19 outbreak.

According to a source, eight airlines submitted a letter to the ministry last week asking for soft loans totalling Bt24.15 billion. They are Bangkok Airways, Thai AirAsia, Thai AirAsia X, Thai Lion Air, Thai Vietjet Air, Thai Smile, Nok Air, and NokScoot. “As many provinces are still on lockdown, flying there would be prohibited. A clear policy from the government will help airlines make a decision on which routes to open.

 

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