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]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More