Bamboo Airways raises charter capital to $300 mln

May 7th at 13:46
07-05-2020 13:46:27+07:00

Bamboo Airways raises charter capital to $300 mln

Bamboo Airways has increased its charter capital by 73 percent to VND7 trillion ($299 million).

An aircraft of Bamboo Airways prepares to land at Tan Son Nhat International Airport in Ho Chi Minh City. Photo by Shutterstock/Phuong D. Nguyen.

The National Business Registration Portal shows the addition was made on April 17 from its previous charter capital of VND4.05 trillion ($173 million.)

However, its parent company FLC, a property developer, has not made any announcement about capital addition for Bamboo Airways; and the airline has not announced a change in ownership.

As of March 31, FLC had a 52.11 percent stake in the carrier.

With the adjustment, Bamboo Airways ranks second in terms of charter capital among five domestic airlines, behind flag carrier Vietnam Airlines, at 14.2 trillion ($607 million). Budget airline Vietjet ranks third with VND5.4 trillion ($231 million).

Bamboo Airways has announced plans to list on the Ho Chi Minh City Stock Exchange (HOSE), Vietnam’s main bourse.

The Vietnam Valuation and Inspection Quality Jsc, a business valuation company, has valued it at VND33.3 trillion ($1.4 billion).

The airline began flying in January 2019, and was operating on 40 domestic and international routes before the pandemic forced it to severely curtail operations.

Vnexpress





RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Hanel shares to be listed next week

Shares of electronics firm Hanel will be listed on the Unlisted Public Company Market (UPCoM) on February 13, four years after its initial public offering (IPO).

IT firm (ICT) lists on HCM City stock market

Joint Stock Company for Telecoms and Informatics (code: ICT) listed nearly 32.2 million shares on the HCM Stock Exchange on January 15 at a reference price of...

Bamboo Airways to list on HSX in second quarter of 2020

Bamboo Airways is expected to list on the Ho Chi Minh City Stock Exchange (HSX) in the second quarter of 2020.

VRG listing plan approved

The Ho Chi Minh Stock Exchange (HoSE) has approved the listing of four billion shares for the Vietnam Rubber Group JSC (VRG).

Masan MEATLife lists on UPCoM

More than 324.3 million shares of Masan MEATLife Joint Stock Company (code: MML) were listed on December 9 on the UPCoM market at a reference price of VND80,000...

HNX approves listing of IDICO

The Ha Noi Stock Exchange (HNX) has approved the listing of 192 million shares by the Viet Nam Urban and Industrial Zone Development Investment Corporation (IDICO)...

Maritime Bank to list on Vietnam's main bourse

Maritime Bank (MSB) plans to list its shares for the first time on HoSE in the last quarter this year.

Leading drug maker Pharbaco to list on UPCoM next week

Central Pharmaceutical Joint Stock Company No.1 (Pharbaco) is expected to trade 40 million shares on the Unlisted Public Company Market (UPCoM) on November 26 at...

Military insurer eyes HoSE listing

Military Insurance Corporation (MIC) has filed for listing on the Ho Chi Minh Stock Exchange (HoSE).

Bamboo Airways to list on stock market next year

Bamboo Airways plans to float 400 million shares on the local stock market in January 2020 at the earliest, the local media reported.

TRENDING


MOST READ


Back To Top