The Ministry of Transport has asked the representative of State stake in Vietnam Airlines to draft plans to reduce State ownership to 51 percent of the national flag carrier’s charter capital in 2019.

Vietnam Airlines aircraft 

The ministry said these plans should be based on the corporation’s business and development investment strategies as well as the stock market situation and capital demands.

The plans must contain implementation methods and progress, and assessments of interests of the State and the enterprise.

Earlier, in late November 2017, the representative of State-owned capital at Vietnam Airlines submitted a State capital divestment plan for 2017-2020 to the transport ministry .

Vietnam Airlines has charter capital of nearly 12.28 trillion VND, of which the State holds 1.057 billion shares, equivalent to 86 percent of the charter capital. Of the remaining shareholders, ANA Holdings Inc, Japan’s largest aviation group, holds 107 million shares, nearly 8.8 percent of charter capital.-VNA