THAI gets $240 million loan to purchase 2 Airbus A330s

Wednesday, 23 January 2013 By  NNT

BANGKOK, 22 January 2013  Kasikorn Bank, along with foreign financial institutions, is lending 240 million US dollars to THAI Airways International to purchase 2 new aircraft. 

According to Kasikorn Executive Vice President Vasin Vanichvoranun, the bank is joining hands with French Credit Agricole Corporate and Investment Bank and Germany-based Landesbank Hessen-Thuringen, to loan 240 million US dollars to THAI Airways International, to purchase two Airbus A330-300s. The loan comes with a 12-year repayment term. According to him, the loan has made Kasikorn the first Thai commercial bank to provide this type of international financial services.

In the meantime, THAI Airways International President Sorajak Kasemsuvan said the purchase is in accordance with the company's 3-year program of aircraft procurement, in order to develop its fleet and raise its financial potentials. The new Airbus330-300s have been operating since September last year, on the Bangkok-Taipei-Hong Kong-Japan route.

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