Bamboo Airways hikes capital yet again – VnExpress International


By Anh Tu  &nbspApril 29, 2021 | 09:53 am GMT+7
Bamboo Airways hikes capital yet again  Bamboo Airways hikes capital yet again - VnExpress International Anh421 1619661862 8337 1619661990

A Bamboo Airways aircraft lands at HCMC’s Tan Son Nhat International Airport, March 2019. Photo courtesy of FLC Group.


Private carrier Bamboo Airways has increased its charter capital by 28 percent to VND16 trillion ($695 million), the highest in the industry.

Since it was set up in May 2017 with a capital of VND700 billion, this is the airline’s seventh hike.

Its chairman, Trinh Van Quyet, said this month the airline is considering an initial public offering of shares in the U.S. this year to raise $200 million.

It is expected in the third quarter, with the company likely to offer a 5-7 percent stake.

It also plans to expand its fleet from 30 aircraft to 40.

Last year, Bamboo Airways carried over seven million passengers to account for a 20 percent market share, and hopes to increase it to 30 percent this year.

e.VnExpress

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Bamboo Airways hikes capital yet again – VnExpress International

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