Thai Prince Cash Pledge To Release Aircraft
Source: Agencies |
August 2, 2011, Tuesday
|
Print Edition
Print Edition
THAILAND'S crown prince has pledged 20 million euros (US$28.4 million) to secure the release of a plane that has been caught up in a long-running commercial dispute and impounded in Germany.
Crown Prince Maha Vajiralongkorn would offer the bond from his personal funds to a court in Bavaria to maintain the good relationship between Thailand and Germany, his secretary's office said on Sunday.
The Boeing 737 was seized last month in Munich by insolvency officials pursuing what they said was debt owed by the Thai government to defunct German construction firm Walter Bau AG, dating back two decades.
The court said on July 14 that the aircraft could be released on receipt of a bond based on its value.
Crown Prince Maha Vajiralongkorn would offer the bond from his personal funds to a court in Bavaria to maintain the good relationship between Thailand and Germany, his secretary's office said on Sunday.
The Boeing 737 was seized last month in Munich by insolvency officials pursuing what they said was debt owed by the Thai government to defunct German construction firm Walter Bau AG, dating back two decades.
The court said on July 14 that the aircraft could be released on receipt of a bond based on its value.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
