GSB says it has no plan to provide loan for THAI
BANGKOK, 31 August 2014 (NNT) - The state-run Government Savings Bank (GSB) has dismissed the reports that it will lend seven billion baht to the national carrier Thai Airways International (THAI) to improve the latter’s liquidity.
Director-General of the Customs department Somchai Sujjapongse, who is the president of the GSB, said the bank’s board had not yet considered lending to the cash-strapped THAI. Before the bank decided to lend, it had to consider the borrower’s plan to spend the loan, its ability to repay as well as its recovery plan, said Mr Somchai.
Meanwhile, Permanent Secretary for Finance and member of the THAI board Rangsan Sriworasart said the airline might borrow 20 billion baht to pay for its aircrafts and boost the liquidity. This year, THAI might borrow 5-7 billion baht from financial institutions, said the official.
http://thainews.prd.go.th/centerweb/...O5708310010002
Seems like both near-term financing and a longer-term recovery plan, are both still being worked on. TG may not yet have submitted their recovery plan to the Superboard yet? The ruling Junta's "Superboard" (State Enterprise Policy Committee) is tasked with trying to turn around the failing State enterprises (State Railway, Communications Authority of Thailand, Telephone Organization of Thailand, Thai Airways, Bangkok Mass Transit, among others).