THAI doesn't need loan from GSB: Areepong
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National flag carrier Thai Airways International (THAI) no longer needs to borrow from the Government Savings Bank (GSB), said its acting chairman.
Areepong Bhoocha-oom said today that the company's liquidity is improving on anticipation of higher ticket sales in the fourth quarter.
In August, Acting President ACM Siwakiat Jayema said that the carrier sought to borrow Bt7 billion from the state-owned bank.
Areepong said today that the borrowing is not needed thanks to its available credit line and postponing delivery of two aircraft from this year to the middle of next year.
Cost-saving measures together with the rising ticket sales and the aircraft delivery postponement would allow THAI to have enough cash and credit lines for its operations until March, he said.
