KTB first Thai bank to fund jet purchases | Bangkok Post: business

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KTB first Thai bank to fund jet purchases

Helping Thai AirAsia finance Airbus 320s

The state-controlled Krung Thai Bank (KTB) has become the first Thai financial institution to offer aircraft funding with a credit deal for no-frills carrier Thai AirAsia (TAA).

From left are Vipoota Trakulhoon, the senior executive vice-president for corporate banking Group 2 at KTB; Tassapon Bijleveld, TAA’s chief executive; and Phinyavat Chantrakantanond, the president of KTB Leasing.

The accord calls for KTB along with its leasing arm KTB Leasing to offer a credit line of 3.45 billion baht for TAA to purchase new Airbus 320 jetliners, valued at just over 1 billion baht apiece.

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  • bern1005

    United KingdomPost : 686

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    Discussion 1 : 11 Oct 2012 at 12.101

    So we have a state owned bank offering credit in a highly volatile market segment to a company that is a major competitor to the flagship national airline. At least no one can claim a conspiracy because no "mastermind" would be so foolish.

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