Thai Airways seeks up to $974 mln in loans

BANGKOK | Tue Jan 20, 2009 9:52pm EST

BANGKOK Jan 21 (Reuters) - Thai Airways International THAI.BK said on Wednesday it was seeking up to 34 billion baht ($974 million) in loans from financial institutions for working capital and debt refinancing.

It said in a statement it was looking for 19 billion baht for working capital and 15 billion baht for refinancing short-term loans.

"We need the funds as soon as possible," a Thai Airways official told Reuters.

On Monday, the airline said it was seeking 19 billion baht in loans from state-owned banks as it needed working capital after being hit by recent shutdowns of Bangkok airports. [nBKK395632] ($1=34.90 Baht) (Reporting by Arada Therdthammakun and Viparat Jantraprap; Editing by Alan Raybould)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.