Hanoi considers concessional loans for Bamboo Airways and VietJetAir


Bamboo Airways of Viet Nam considers IPO in US, boosts capital

16.04.2021 – 16:35 UTC

Bamboo Airways (QH, Hanoi) is considering an initial public offering (IPO) in the United States in the third quarter of this year in which it would seek to raise up to $ 200 million, its chairman Trinh Van Quyet revealed to Reuters on the 14th. April. .

The move could offer a stake of between 5% and 7% in the IPO, in which the company could potentially secure a market capitalization of up to $ 4 billion, the president said, adding: “The IPO stock market will be part of our expansion efforts. our services worldwide. “

Owned by Quyet’s FLC group, a Vietnamese real estate and leisure conglomerate, Bamboo Airways is working on a possible bid on the New York Stock Exchange in collaboration with an international audit firm.

As previously reported, less than a month ago, Quyet told Bloomberg News that Bamboo Airways intends to debut on the Ho Chi Minh City Stock Exchange or the Hanoi Stock Exchange no later than third quarter, forecasting a market capitalization of approximately $ 2.7 billion. .

But Quyet told Reuters that …

Bamboo Airways of Viet Nam reveals partnership agreement with bank

14.04.2021 – 16:12 UTC

Bamboo Airways (QH, Hanoi) and Ho Chi Minh City-based Sacombank announced a “comprehensive cooperation agreement” involving a new strategic partnership in the areas of “investment, production and business”, according to the social media accounts of both companies. .

The private bank has agreed to provide financial services to businesses related to, among other things, loans, bank guarantees, domestic payments and cash flow management. It will also offer its financial services to employees of the carrier and promote Bamboo Airways services within its own corporate structure.

For its part, the airline said it would provide passenger, freight and travel services to Sacombank as a priority policy, introduce Sacombank products and services to its corporate channels, and promote the image and brand of the bank with local and international clients. He is also committed to promoting the bank in the travel and tourism industry and at conferences with the aim of helping it attract more customers.

The two partners are also expected to launch a co-branded credit card with special benefits. Bamboo Airways and Sacombank have already cooperated in the past, to …

Bamboo Airways of Viet Nam warned against overselling tickets

04/09/2021 – 12:39 PM UTC

The Vietnam Civil Aviation Authority has ordered Bamboo Airways (QH, Hanoi) not to exceed the number of tickets it sells for its allocated slots, the government news site reported. Vietnamese Báo Chính Phủ on April 5.

The order ordered Bamboo Airways “to strictly implement the sale of tickets in accordance with the time slots for the number of confirmed take-offs”, after the authority found that the airline “tends to open sales” which did not correspond to the confirmed time slots.

The move followed complaints from passengers in recent weeks about several flights the airline allegedly canceled or delayed, particularly on the Hanoi-Da Nang route towards the end of March.

If the carrier chooses to ignore the warning and continues to overstep, the authority has warned, it will not be given additional slots for the next six months.

On April 3, Bamboo issued an apology for “some changes in flight schedules over a short period at the beginning of April”, which it attributed to “the impact of the runway …

JetBlue recovers Heathrow slots for 3Q21

03/30/2021 – 01:58 UTC

JetBlue Airways (B6, New York JFK) has been granted slots for services to London Heathrow from Boston and New York JFK from August 2, 2021, expanding its options for the next transatlantic launch scheduled for this summer as it also holds slots at London Gatwick. .

According to the start of season report of March 26, 2021, JetBlue Airways will be able to operate daily to Heathrow from the beginning of August. From September 13, 2021, the carrier will have slots for 11x weekly services to London, increasing to 14x per week from September 20. In total, the airline has been allocated 135 pairs of slots for the entire 2021 summer programming season, all of which are concentrated. in the second half. Two-thirds of these slots relate to its New York JFK route and the rest of Boston flights.

The airline has been silent on its exact plans for London, including the launch date and the choice of airport. His slots at Gatwick reflect his allocation at Heathrow and also start on August 2, 2021. However, while there are also slots …

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