GUMZSA/GREEN TEAM BOUNCE PLAYS

[Smilin_B]

https://www.thaienquirer.com/thai-enquirer-summary-may-11-2021/

Finance Minister Arkhom Termpittayapaisith is expected to submit a proposal to have
Thai Airways International (THAI) reinstated as a state-owned enterprise under the
category 3 for a cabinet consideration today, according to a source with the Ministry who
cited this proposal as an important condition agreed upon by THAI’s creditors.
? Fears already rose that the airline’s creditors which are financial institutions may
not support loans of 25 billion baht for THAI if the cabinet fails to approve
THAI’s reinstatement and this will lead THAI to face bankruptcy.
? Creditors and their official receiver will hold an online meeting to consider
THAI’s rehab plan tomorrow.
? Government Savings Bank president Vitai Ratanakorn has come out to say that
the bank is ready to approve THAI’s rehab plan. He added that the airline has a
plan to inject funds of 25 billion baht each to shareholders and creditors.