Thai Air Seeks $1.5 Billion to Keep Flying as Tourists Return

Thai Airways International Pcl plans to raise as much as 50 billion baht ($1.5 billion) in new capital as the flag carrier expands flights with the country reopening its borders to foreign tourists.

The airline will borrow 25 billion baht from existing creditors and other financial institutions, said Piyasvasti Amranand, a member of the panel overseeing a court-monitored debt rehabilitation plan. It is also seeking 25 billion baht from the government, its biggest shareholder, he said.