Airlines brace for hard landing
As Thai Airways requests government support, the regionÆs other airlines prepare for the worst.
Thai Airways' four decades of profits have come to an end. The airline, joining many of its regional and global peers, expects to post a record loss for 2008 û a year marked by volatile fuel prices and a global recession.
Asking ThailandÆs government for a Bt19 billion $545 million loan, Thai Airways yesterday joined its Chinese siblings and banks around the world on the government dole. The loans, requested from state-owned banks, are needed to cover operating expenses that...
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