15-Jan-2010 11:23 AM

Export Credit Agency currently in the process of approving loan guarantees for Thai Airways

Thai Airways stated the Export Credit Agency (ECA) is currently in the process of approving a guarantee facility for USD222 million in loans for the carrier’s Airbus aircraft purchases, after the Thai Government refused to guarantee loans (Bangkok Post, 14-Jan-2010). President, Piyasvasti Amranand, stated the government’s refusal would not affect its purchase of two A330-300s, as the ECA has already agreed to provide support for four other aircraft procurements.