Thai prince's second jet faces impounding: report

Reuters News
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Posted: Jul 24, 2011 8:48 AM
Thai prince's second jet faces impounding: report

FRANKFURT (Reuters) - A German insolvency administrator was on Sunday quoted as saying he was considering impounding a second jet used by the Thai Crown Prince, reported German tabloid Bild am Sonntag.

"We are considering further steps, including seizing the prince's second plane," the paper quoted insolvency administrator Werner Schneider as saying.

German insolvency officials seized a Boeing 737 used by Crown Prince Vajiralongkorn almost two weeks ago to force the Thai government to repay a debt linked to a Bangkok road construction project.

A court last week ruled the jet could be released upon payment of a 20 million euro deposit, an offer rejected by the Thai government, which maintains the jet is the personal property of the Prince and not the government.

Bild am Sonntag said the prince had the second plane flown over to Munich to replace the first one.

(Reporting by Victoria Bryan)