MUNICH, GERMANY (BNO NEWS) -- Germany seized Thailand's crown prince's airplane, arguing that the Asian country has an unpaid debt to a German construction company, Germany's The Local reported Wednesday.
Werner Schneider, the insolvency administrator for the Walter Bau construction group is demanding over 30 million Euro ($42.4 million) from the Thai government because a payment was allegedly never received when German construction firm Dywidag helped build a 26-kilometer (16.2-mile) road between Bangkok, Thailand and the city's airport over 20 years ago.
Dywidag later merged with Walter Bau in 2001, and in 2005, Walter Bau went under and was soon partially acquired by an Austrian company.
The government of Germany has tried to recover the funds from the Thai government on a number of occasions, but they have been unsuccessful. Schneider told the media outlet that impounding the aircraft was a drastic measure but "virtually the last resort."
The seized plane is a Boeing 737 - which are listed between $56.9 million to $85.8 million, depending on the model. The aircraft is usually used by Thailand's Crown Prince Maha Vajiralongkorn, who also flies the aircraft himself on occasions.
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