EXIM Thailand Renders Financial Support to Aeronautical Radio of Thailand to Stimulate Recovery in Aviation Industry and Embrace Next Normal Lifestyles
Mr. Rak Vorrakitpokatorn (right), President of Export-Import Bank of Thailand (EXIM Thailand), and Mr. Nopasit Chakpitak (left), President of Aeronautical Radio of Thailand Limited (AEROTHAI), recently signed an EXIM Thailand financial facility agreement at Bangkok Terminal Control Center, Suvarnabhumi Airport, to provide a revolving credit facility of 1,000 million baht to support AEROTHAI’s business operation on the verge of aviation industrial recovery and in adaptation to changes in people’s lifestyles in the Next Normal era.
EXIM Thailand has been committed to its role as Thailand Development Bank with the mission to “reboot, restructure, rebalance and resynergize” development of Thai entrepreneurs and industrial sectors for their sustainable growth. The Bank has so far rendered financial facilities to airline businesses in the forms of revolving fund to boost their liquidity, debt payment suspension, and payment rescheduling in line with the situations and recovery trends of the industry. This financial support to AEROTHAI aims to turnaround the industry to strength and healthiness as the country’s key engine to rejuvenate and drive national development looking forward.