Thai Airways requests Thai Government to inject USD304.1 million in capital

Thai Airways requested the Thai Government inject USD304.1 million in capital in the carrier to maintain its 51% stake in the carrier, as part of the carrier's capital increase plans, which include the issue of new shares and bonds (The Nation, 11-Feb-2010). The capital increase plan is expected to be completed in Mar-2010 or Apr-2010. Funding raised from the issue will be used to finance new aircraft, to be acquired over three phases. 15 aircraft are expected to be delivered between now and 2014, 28 in 2015-2019 and 28 in 2020-2024, bringing Thai's total fleet to 101 aircraft.