Thailand Says German Authorities Release Crown Prince’s Plane

Former Thai Prime Minister Abhisit Vejjajiva said German officials agreed to release an aircraft owned by Crown Prince Maha Vajiralongkorn that was seized by liquidators in Munich.

Werner Schneider, the insolvency administrator for builder Walter Bau AG (WTB), seized the Boeing 737 belonging to the crown prince on July 11 to force payment on a 30 million euro ($42.6 million) claim against the Thai state, the company said last month.

Thailand’s government provided a letter of guarantee for 38 million euros to secure the plane’s release, Chavenont Intarakomalyasut, secretary to Thailand’s outgoing foreign minister, said today. Thailand still plans to appeal the case, he said.

To contact the reporter on this story: Suttinee Yuvejwattana in Bangkok at suttinee1@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net

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