Business

Bamboo Airways to go IPO next year

Bamboo Airways, a subsidiary of real estate developer FLC Group, is planning to issue an initial public offering (IPO) in 2020 to serve its expansion plans.
Bamboo Airways to go IPO next year ảnh 1Bamboo Airways is planning to issue an initial public offering (IPO) in 2020 to serve its expansion plans (Photo: VNA)

Hanoi (VNA) - Bamboo Airways, asubsidiary of real estate developer FLC Group, is planning to issue an initial public offering (IPO) in 2020 to serveits expansion plans.

Chairmanand CEO of Bamboo Airways Trinh VanQuyet said it is expected to raise about 100 million USD, which will helpBamboo Airways expand its fleet, targeting to occupy 30 percent of the marketshare next year.

Currently,the airline holds about 10 percent market share of Vietnam’s aviation market. It operates 10 aircraft on25 domestic and international routes.

BambooAirways will also list shares next year after the IPO, however, Quyet said he has not decidedon a bourse yet.

InAugust this year, Prime Minister Nguyen Xuan Phuc allowed the carrier toincrease its fleet to 30 aircraft by 2023, including both narrow-body andwide-body aircraft./.
VNA
#Bamboo Airways#subsidiary#real estate developer FLC Group#Chairman and CEO of Bamboo Airways Trinh Van Quyet#Prime Minister Nguyen Xuan Phuc#narrow-body and wide-body aircraft#Vietnamplus#Vietnam News Agency
Follow VietnamPlus

Related News

Bamboo Airways allowed to train aviation staff

Bamboo Airways allowed to train aviation staff

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.
Competition in airline industry set to intensify

Competition in airline industry set to intensify

Increasing numbers of airlines and aircraft are putting serious pressure on Vietnam’s aviation infrastructure. As competition for market share and skilled labour intensifies, the Government must take measures to ensure a fair playground and long-term development, said industry experts and authorities.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.