Govt raises stake in Thai Airways, but will not take direct control

Quick Summary:

The government is set to raise its stake in Thai Airways International (THAI) but will not return the ailing airline to state enterprise status, according to a cabinet source.

Thailand's flag carrier set the share price for its 9.82 billion new shares for existing shareholders at 4.48 baht, according to its exchange filing on Nov 24.

The government's collective share stake at that level will not return the airline to being a state enterprise.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Restructuring Cabinet State Stake Government Friday Ministry Airline Thai Meeting Debt

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-01 @ 07:05:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23997127

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Official Website: bangkokpost.com

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Publisher ID: #66

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