Bamboo Airways to raise charter capital to nearly 1.3 billion USD
Bamboo Airways is planning to raise its charter capital to 30 trillion VND (nearly 1.3 billion USD) to restructure its debts and increase capital for its core and support business activities.
A plane of Bamboo Airways (Source: Bamboo Airways)
Hanoi (VNA) – Bamboo Airways isplanning to raise its charter capital to 30 trillion VND (nearly 1.3 billionUSD) to restructure its debts and increase capital for its core and supportbusiness activities.
The carrier held an extraordinaryshareholders’ meeting on May 9 to vote on the authorisation of its Board of Directorsto carry out necessary procedures for the private stock offering.
It plans to offer 1.15 billion sharesat 10,000 VND each in the private placement in order to increase the chartercapital to 30 trillion VND.
Nguyen Ngoc Trong, Chairman of theBoard of Directors, said Bamboo Airways is strongly promoting restructuring andmobilising resources to reach major long-term targets. The new source ofcapital will help it reduce outstanding debts, increase its fleet, open moreinternational routes, and provide more quality services for passengers.
The airline is operating more than 40domestic routes connecting with all the 22 airports in Vietnam, as well as 14international direct air routes to many large destinations in Asia, Europe, and Oceania.
It looks to increase its fleet to 65planes by 2025 and 100 by 2030.
Besides, Bamboo Airways is alsoworking to develop an aviation ecosystem by expanding operations in groundservice and meal supply, technical infrastructure, and cargo transportation./.
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A plane of Bamboo Airways (Source: Bamboo Airways) 
