Export-Import Bank tasked with relieving credit crunch on 7 Thai airlines
Finance Minister Arkhom Termpittayapaisith has asked the Export-Import Bank of Thailand to find ways of providing credit to local airlines to help them counter the Covid-19 impact on the aviation sector.
Arkhom said the ministry would find a solution as soon as possible, insisting that the government was not ignoring local airlines' problems.
He said the government wanted to provide financial assistance to all business groups that were struggling amid the impact of the outbreak, but had to consider each case carefully.
Seven local airlines are now seeking credit to boost their liquidity after their requests for soft loans from the government were turned down. The airlines have held several rounds of talks with state agencies and ministries for soft loans to counter the impact of Covid-19.