Domesitc passengers leave a Vietnam Airlines aircraft at Noi Bai International Airport in Hanoi. Vietnam Airlines has completely restored domestic flights and been expanding its domestic network (Source: VNA)Hanoi (VNA) - Vietnam Airlines Group will postpone its shareholders’ meetinguntil July 16, according to a decision signed by Chairman of Vietnam AirlinesExecutive Board Pham Ngoc Minh.
The meeting was due to be held on June 29, however, it wasdelayed because the group had not yet completed preparations for themeeting.
In the first quarter of this year, Vietnam Airlines was among Vietnamesebusinesses suffering the most from the COVID-19 pandemic, reporting a drop of26.3 percent to 18.8 trillion VND (808.4 million USD) in net revenue inthe January-March period and an after-tax loss of 2.6 trillion VND.
VNA suspended all international routes. It was only operating domestic routesat a minimum level while increasing operation of cargo flights to facilitatetrade and increase revenue. It has also asked for Government support in termsof a loan package worth 12 trillion VND to help ensure the corporation’ssolvency.
In the second quarter, Vietnam Airlines completely restored domestic flights.Even in May and June, the group also opened a total of 13 domestic routes. InJuly, Vietnam Airlines plans to open five more routes, bringing the totalnumber of domestic routes of the airline to 57.
International passenger transport activities of Vietnam have not been resumeddue to concerns of COVID-19 re-entering the country.
Vietnam Airlines recently announced its restructuring schedule for low-costairline Jetstar Pacific Airlines. The carrier was renamed as PacificAirlines with a new logo and brand identity.
Major shareholder Qantas Airways is willing to divest 30 percent of its capitalfrom Pacific Airlines so that Vietnam Airlines will hold a majority share andcomplete restructuring./.
VNA
