Chairman of FLC Group Trinh Van Quyet decided to leave his position as chairman of FLC Faros as the subsidiary has been nosediving in the past years.
Property developer FLC Group has cancelled the issuance of 300 million shares for current shareholders.
The Civil Aviation Authority of Vietnam on August 13 granted local carrier Bamboo Airways an Approved Training Organisation (ATO) certificate, allowing it to train aviation staff, firstly flight attendants and technicians.
The operation of Bamboo Airways deeply decreased the gross margin of FLC’s services.
The Ministry of Transport agreed on the need for Bamboo Airways, a subsidiary of FLC Group, to increase its fleet to 30 aircraft by 2023 after considering opinions of relevant parties at a meeting on June 21.