Thai Smile gets government loan, bankruptcy court to decide on Nok Air rehabilitation plan

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By Panithan Onthaworn

 

The government has offered financial aid to Thai Smile, a subsidiary of national flag-carrier Thai Airways, the Finance Minister said on Friday as the airline industry continues to be ravaged by Covid-19 restrictions.

 

Thai Smile was given a low-interest loan from the state-owned Export-Import Bank of Thailand, said Finance Minister Arkhom Termpittayapaisith. The amount of the loan has not yet been disclosed.

 

Other low-cost and boutique airlines have called on the government to provide financial assistance during the pandemic for close to a year. Among them are Bangkok Airways, Thai AirAsia, Nok Air, Thai Lion Air, Thai VietJet, and Thai AirAsia X.

 

Full story: https://www.thaienquirer.com/32201/thai-smile-gets-government-loan-bankruptcy-court-to-decide-on-nok-air-rehabilitation-plan/

 

-- © Copyright Thai Enquirer 2021-09-04

 

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[hotchilli]

Let the market dictate who stays and who goes under... forget the bailouts.

[MrJ2U]

IMO

 

If one airline gets a bail out I hope its "Thai Smile".

 

We try to use them on domestic flights.  We've always had a good experience.

 

Traveling with children is hard enough.  "Thai Smile" employees always help and are courteous.

 

Refund and change policy is easier than the other domestic carriers.

 

I hope they all make it through this.  We need competition to keep prices low and the low paying wages are better than nothing.

[wolf81]

I liked the Nok Air outfits of the ladies, so I am hoping this company stays afloat.