AOT dismisses rumours it is buying THAI shares

[webfact]

AOT dismisses rumours it is buying THAI shares

By THE NATION

 

 

Airports of Thailand (AOT) is rejecting rumours that it plans to secure shares of the national carrier Thai Airways International (THAI).

 

AOT president Nitinai Sirimatthakarn said on Monday (April 13) that related regulations oblige an airport operator to treat all airlines equally to prevent a conflict of interest.

 

Meanwhile, a source from the Finance Ministry, which is a major shareholder of THAI, said the ministry held a meeting with related state agencies on Monday to look for ways to solve the financial woes of the national carrier. The ministry has told the agencies to come up with plans within this month.

 

The source added that the meeting also discussed ideas of boosting the airline’s liquidity by Bt70 billion through the options of recapitalisation or issuing bonds.

 

Separately, Nitinai added that AOT has enough financial clout to fund the expansion of all six airports despite the sharp drop of passengers and flights due to the Covid-19 outbreak. He maintained that AOT will stick with its plan to spend Bt393 billion on expansion between 2017 and 2023.

 

AOT is expected to call for bids for the northern expansion of Bangkok’s Suvarnabhumi Airport this year.

 

Source: https://www.nationthailand.com/business/30385920

 

-- © Copyright The Nation Thailand 2020-04-14

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[PatOngo]

Thai Airways theme song!

 

 

[GinBoy2]

Well AOT is itself is another Thai pseudo private company.

 

Listed on the SET but with 70% of the stock owned by The Ministry of Finance. Yeah it's a 'real' company!

 

Yeah I'd love it see them buy some of TG stock.

 

That would just be classic Thai, 'rearranging the deckchairs on the Titanic'

[ezzra]

It was reported that HK airports authority has bought 500 million HK dollars worth of airline tickets for local airlines presumably to be resold when things are back to normal, now that is a win-win move...