20-Jul-2010 10:07 AM

THAI and SCB sign USD248m long-term loan agreement

Thai Airways announced (19-Jul-2010) it has signed a loan agreement with Siam Commercial Bank (SCB) for a seven-year term loan worth USD247.8 million (THB8 billion) and an amendment of a USD154.9 million (THB5 billion) loan granted earlier to support the carrier's business potential. President, Piyasvasti Amranand, stated the loan is part of its fund-raising plans designed to strengthen business operations. [more]