Banyong backs THAI privatisation | Bangkok Post: news

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Banyong backs THAI privatisation

Ailing airline faces 'critical' debt levels

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A former member of the Thai Airways International Plc (THAI) board has backed the blanket privatisation of the financially ailing national flag carrier. 

Banyong Pongpanich, chief executive officer of Phatra Security Plc and former THAI board member, said THAI has an operating fund of 56 billion baht, but an accumulated debt of 250 billion baht.

The airline would face critical debt in the next six months if nothing is done to solve the problem, he warned.

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