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Thai Airways tries to reduce its foreign exchange risks
Bangkok, Thailand - Thai wants to have its debt in the same currencies as revenues
Thai is negotiating with foreign banks to have its debt in the same currencies as revenues to reduce the foreign exchange risks and cut interest costs to 1-2% from 5-6% now. The airline had about USD 2.57 bn of debt, of which 47% were US dollars, 30% yen and rest in Thai baht.
AVIONEWS - World Aeronautical Press Agency - 58577
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency