rooster59 Posted January 15, 2021 Share Posted January 15, 2021 Thai AirAsia among local airlines seeking loans after being turned away by govt By The Nation Thai AirAsia is in talks with local and foreign financial institutes to secure loans to boost liquidity this year, said its executive chairman Tassapon Bijleveld. The low-cost airline is also consulting a financial adviser on options to boost liquidity, including issuing new shares or taking loans. There would be good news in the next two weeks, said Tassapon, adding that Thai AirAsia would not fall out of the business. He said seven local airlines were now seeking credit to boost their liquidity, instead of waiting for soft loans from the government. The seven airlines have held several rounds of talks with state agencies and ministries for soft loans to counter the economic impact of Covid-19, but loans are yet to be granted. Source: https://www.nationthailand.com/business/30401309 -- © Copyright The Nation Thailand 2021-01-16 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
ukrules Posted January 15, 2021 Share Posted January 15, 2021 No support from central government = a complete and total collapse. I'll be sitting watching it unravel over the next year or two - because that's how long it's going to take. 1 Link to comment Share on other sites More sharing options...
Popular Post tonray Posted January 16, 2021 Popular Post Share Posted January 16, 2021 I've already loaned them 3500 baht which they apparently intend to default on 3 Link to comment Share on other sites More sharing options...
Popular Post Pilotman Posted January 16, 2021 Popular Post Share Posted January 16, 2021 17 minutes ago, tonray said: I've already loaned them 3500 baht which they apparently intend to default on my advice, go to U Tapao and impound one of their aircraft until they pay up. if they don't pay, sell it. 3 Link to comment Share on other sites More sharing options...
graemeaylward Posted January 16, 2021 Share Posted January 16, 2021 5 hours ago, rooster59 said: The low-cost airline is also consulting a financial adviser on options to boost liquidity, What sort of company does not have their own financial team?!!!!!! Pretty poor show if you have to consult a financial advisor outside such a large company! Link to comment Share on other sites More sharing options...
tonray Posted January 16, 2021 Share Posted January 16, 2021 26 minutes ago, graemeaylward said: What sort of company does not have their own financial team?!!!!!! Pretty poor show if you have to consult a financial advisor outside such a large company! A company with no cash to pay them 1 1 Link to comment Share on other sites More sharing options...
tonray Posted January 17, 2021 Share Posted January 17, 2021 On 1/16/2021 at 10:42 AM, graemeaylward said: What sort of company does not have their own financial team?!!!!!! Let me translate Business Speak for you: It means they are engaging a firm that specializes in bankruptcy and/or dissolution. Link to comment Share on other sites More sharing options...
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