Financial Times FT.com

Thai Airways seeks government loans

By Tim Johnston in Bangkok

Published: January 19 2009 18:07 | Last updated: January 19 2009 18:07

Thai Airways International has asked the government for Bt20bn-Bt30bn ($573m-$859m) in loans after suffering severe setbacks, the airline said Monday.

In common with other airlines, Thailand’s flag carrier has been hit by last year’s surge in fuel prices followed by the global economic slowdown.

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