Nok Air (DD, Bangkok Don Mueang) announced that it received approval from its administration to obtain a new line of credit worth THB2 billion baht (USD54.4 million) from major shareholder Hatairat Jurangkool. According to a Stock Exchange of Thailand (SET) filing, the loan is granted at a 7% interest rate, with total interest due of THB140 million (USD3.8 million).

Hatairat Jurangkool owns 26.38% of Nok Air, as of February this year, and is the mother of CEO and bankruptcy plan administrator Wutthiphum Jurangkool….

Source: ch aviation
Read more: Thailand's Nok Air secures mn loan