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Thai AirAsia launches crowdfunding campaign
September 13th 2021
Thai AirAsia has launched a crowdfunding campaign with the general public and retail investors invited to purchase debentures approved by Thailand's Securities and Exchange Commission. Read More » The minimum spend for the debentures is 50,000 baht (US$1,527) with the bonds having a six-month term and an interest rate of 6.75% per annum.
“We thank everyone for their support in this difficult situation," Thai AirAsia CEO, Santisuk Klongchaiya, said. "This crowdfunding campaign will be another avenue for people to show their support. We are touched by the positive response we have received so far. It shows how much support and confidence the public has in AirAsia, which is just as important to us as overcoming this crisis." The funds will "shore up its short-term stability", the LCC said. It will maintain the existing funding plan of a capital raising and a business restructuring of the Asia Aviation Plc parent company.
