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Update news Bamboo Airways
Bamboo Airways, the second private airline of Vietnam, has appointed a new CEO nine months after the CEO took office. It reportedly is going to recruit two senior executives from a large Japanese airline.
Bamboo Airways' charter capital has risen to VND30 trillion, while Le Thai Sam is likely to become the biggest shareholder to control the private air carrier.
Bamboo Airways is planning to raise its charter capital to 30 trillion VND (nearly 1.3 billion USD) to restructure its debts and increase capital for its core and support business activities.
The National Citizen Joint Stock Commercial Bank (NVB) plans to sell 203 million shares of Bamboo Airways, equivalent to 11 per cent of the airline's current capital.
Bamboo Airways on Thursday successfully conducted a technical flight from Hanoi's Noi Bai Airport to Ca Mau Airport, the last step to prepare for their official launch of the Hanoi-Ca Mau flight route which is scheduled for April 29.
Bamboo Airways has revealed plans to raise nearly VND10 trillion (US$424.1 million) by issuing 996.2 million shares.
Bamboo Airways is planning to increase its charter capital by nearly VND10 trillion through a new share issue to restructure its debt and fund its business operations.
Bamboo Airways has found a new investor and will continue its restructuring and finish the investor conversion process this year.
Vietnamese conglomerate FLC Group plans to sell its stake in local carrier Bamboo Airways as part of its business restructuring plan, said FLC board chairman Le Ba Nguyen at an extraordinary general meeting last weekend.
FLC’s finance report showed that as of December 31, 2021, FLC’s short-term loans and finance leasing value had reached 2 trillion, while long-term loans and finance leasing value was VND4.1 trillion.
On March 30, the Civil Aviation Authority of Vietnam had an urgent meeting with Bamboo Airways’ leaders following the arrest of Trinh Van Quyet, Chair of FLC Group and Chair of Bamboo Airways, who has been charged with stock market manipulation.
Property developer FLC Group announced on March 31 that Dang Tat Thang will be chairman of the group and Bamboo Airways until a new decision from shareholders' meeting and the board of directors.
Establishing strategic partnership with “big names” in Germany, FLC Group’s ecosystem has approached the European market.
Bamboo Airways on February 16 inked a memorandum of understanding (MoU) with SR Technics and an agreement with Boeing Digital Solutions, and discussed the purchase of the aerospace company’s new aircraft.
The Ministry of Transport has proposed the Government work out policies to support Vietjet and Bamboo Airways,
Despite the "Covid-19 storm" that swept through the world which result was that domestic airlines suffering heavy losses, Bamboo Airways had an impressive comeback in 2020 with a pre-tax profit of VND400 billion ($17.4 million).
In February 2021, Bamboo Airways increased its charter capital from VND7,000 billion (US$303.7 million) to VND10,500 billion ($455.5 million).
Vietnamese airlines have recently unveiled plans to resume air routes following the containment of the second coronavirus outbreak, showing the fact that the aviation market has begun to pick up again.
The Civil Aviation Authority of Vietnam (CAA) released a report on the operation of flights on time (OTP) as well as delayed and cancelled flights across Vietnam in the first half of the year.
The cost repairing the runways at the nation’s two largest international airports, Noi Bai and Tan Son Nhat, has led to a severe backlog occurring in terms of the flight schedule of both aviation hubs with many flights forced to be canceled.