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Thai Airways planning to sell up to USD1.2 billion in bonds

3-Mar-2010 10:23 AM

Thai Airways plans (02-Mar-2010) to sell up to THB40 billion (USD1.2 billion) in bonds over the next five years (Reuters, 02-Mar-2010/Bloomberg, 03-Mar-2010). The carrier stated the bonds may either be issued in Thai Baht or other currencies, to fund working capital and to repay maturing debt. The plans will now be recommended for shareholder approval on 28-Apr-2010. [more] The airline's Chairman, Ampon Kittiampon, expects the carrier’s profits to increase 10-15% year-on-year in FY2010, due to higher load factors (Bloomberg, 03-Mar-2010).