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FRIDAY, December 09, 2022
THAI has repaid THB1.67 billion debt on time, five unused planes to be sold

THAI has repaid THB1.67 billion debt on time, five unused planes to be sold

THURSDAY, September 29, 2022

Thai Airways International (THAI) has repaid 1.67 billion baht of its debts in time, with no defaults, the airline’s acting chief executive officer, Suvadhana Sibunruang, said on Thursday.

The repayment by the financially troubled national flag carrier included the principal amount and accrued interest for the period June 15 to September 14, according to him.

Suvadhana said that the administrators of THAI’s debt restructuring plan had made the payment to its creditors under court-ordered conditions.

As of August 15, a total of 1.67 billion baht has been repaid without any defaults, the acting CEO said.

Regarding the sale of THAI assets approved by the court, THAI has received US$114,000 (about 4.3 million baht) for two plane engines, representing 80 per cent of the price, Suvadhana said.

The plan administrators have resolved to sell the airline’s five unused planes for a total price of $23.4 million (889.2 million baht).

Also, they have approved the sale of three spare engines for $2.8 million (106.4 million baht)

The airline has agreed to sell the building and land of its Silom office to the highest bidder for 205.1 million baht. It has received 20.5 million deposit for the purchase.