Thai Airways International Public Company Limited would like to clarify news regarding the Public Debt Policy and Supervision Committee’s decision to decline THAI’s request for loan guarantee.
This clarification refers to news reports that the Public Debt Policy and Supervision Committee declined THAI’s request for a 7,300 million Baht loan guarantee for payment on its new A330-300 aircraft to be delivered by the end of this month.
Mr. Piyasvasti Amranand, THAI President, said that the decision bears no effect on THAI’s acquisition plan for these aircraft as THAI has received confirmation for the requested loans with pending guarantee approval from the Export Credit Agency (ECA) for THAI’s last two A330-300 aircraft. The ECA has already guaranteed four of THAI’s other A330-300 aircraft.
The loan guarantee request that THAI submitted to the Public Debt Policy and Supervision Committee was made as an alternate plan in case the Company’s long-term loan request might not be obtained in time. Therefore, the Ministry of Finance’s decision to decline THAI’s loan guarantee request bears no effect on THAI’s operations or long-term fleet acquisition plan.
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