Seven airlines to seek bailout to survive - News Summed Up

Seven airlines to seek bailout to survive


Seven airlines to seek bailout to surviveSeven Thai airlines are likely to seek a 16-billion-baht bailout from the Finance Ministry so they can pay their employees while their services are suspended. Most international and domestic flights have been suspended in Thailand since last week. Thai AirAsia is still keeping its employees, but has had to cut their wages by up to 30%. This decision came after all international flights were suspended a week earlier. According to the International Air Transport Association (IATA), the industry employs 4.27 million people and contributes 15.5% of Thailand's gross domestic product.


Source: Bangkok Post March 28, 2020 22:07 UTC



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