Aircraft & Manufacturers
Two operators placed orders for Airbus aircraft in July marking the manufacturer’s first orders in . ...
  Airlines business
ATR today announces the sale of two ATR 72-500 aircraft from its asset management portfolio to Hi .. ...
Gulfstream delivered 30 business jets during the third quarter, one more unit than the same period . ...
Hãng hàng không Quốc gia Vietnam Airlines cho biết sẽ khai thác trở lại đường bay Hà Nội - Tuy Hoà . ...
Friday, 02/12/2020, 09:19:20 AM
Vietnam Airlines plans public offering next year
Comment Comment |  Send To E-mail Send To E-mail |  Print Print
The national flag carrier Vietnam Airlines is planning to make its initial public offering (IPO) by the end next year, under a restructuring plan submitted to the Ministry of Transport earlier this week.

Under the plan for partial equitisation, about 70 to 80 percent of shares in the airline will continue to be held by the State.

Vietnam Airlines chairman Pham Viet Thanh said that his corporation expected to raise at least US$200 million from the IPO, a target that will be fulfilled only if some of the shares are acquired by foreign investors.

In 2015 and 2017, the airline expected to issue additional shares worth US$450 million to raise capital to buy nine Airbus A350 and four Boeing B787-9 aircraft for its fleet.

During the re-organisation, the airline will hold 100 percent of its Vietnam Airlines Engineering Ltd and Vietnam Air Petrol Ltdsubsidiaries under a limited liability company model. The airline will also maintain its major shareholder status in nine service companies while keeping its existing investments in 11 suppliers.

It will otherwise divest from non-core business such as insurance, securities, banking, and real estate by 2015 with an expected capital, retrieving capital totalling an estimated VND530 billion (US$25.3 million).

Under the final restructuring, Vietnam Airlines will consist of the parent company, 15 affiliates and 12 associated companies, compared to the current 18 and 14, respectively.

The carrier expects the restructuring to help improve its business performance during the 2012-20 period, with earnings to total $43.5 billion and profits to reach US$1.08 billion during the next eight years. The airline will also target to become the third largest airline in Southeast Asia by the end of the decade.

Vietnam Airlines had been included in a Government list of State-owned enterprises to go public during 2007-10, but the plan failed to take off due to the financial crisis and the declining stock market.


Comment Comment |  All Comment
Other news [Back]
 Plan of Quang Ninh Airport approved  (13/04/2012)
 Establishment of the ministerial technical & scientific Council for the purpose of evaluation of scientific and technical researching project “Application of information technology to reinforce civil aviation security in Vietnam”  (06/04/2012)
 Taxation policy for aircraft business operation  (30/03/2012)
 The conclusion of Deputy Prime Minister Hoang Trung Hai on the implementation of the construction project of T2 Terminal of Noi Bai Airport  (23/03/2012)
 Decree detailing and guiding the implementation of Ordinance on procedures for arrest of airplane, procedures for tackling airplane dropped  (16/03/2012)
 Experimental application of some specific financial mechanisms in CAAV  (09/03/2012)
 Another Vietnamese man fined for opening plane emergency door  (02/03/2012)
 Vietnam Airports Corporation established  (24/02/2012)
 Vietnam Airlines absorbs budget carrier Jetstar  (17/02/2012)
 Flight prices head for the sky  (10/02/2012)
 Vietnam Airlines to hold 70 percent stake in Jetstar  (03/02/2012)
 Establish and adjust airway use system  (16/01/2012)
 ASEAN Single Aviation Market  (09/01/2012)
 Amend the Position of Quang Ninh Airport  (02/01/2012)
 Vietnam Airlines’ former pilot uses fake papers  (26/12/2011)
 VALC News
On 19 Dec 2012, VALC successfully took delivery of the A321-231 aircraft with MSN 5418. This is the ...
Chi tiết
At 17:00 5th September, 2012 local time in Hamburg, Vietnam Aircraft Leasing Company (VALC)   ...
PRESS RELEASE  23-08-2012 11:12am
VALC delivered the first A321-200 to Vietnam Airlines.
Chi tiết
On November 5th, 2011, Vietnam Aircraft Leasing Company (VALC) took delivery of the EC155 B1 ...
VALC Valc, leasing, aircraft, plane, airlines, fastmoney, boeing, airbus, việt nam, airlines, viet nam, finance, investment Copyright © 2008 VALC.COM.VN
Back to top
Homepage  |   Contact  |   Make your homepage  |   Introduce VALC  |   RSS  RSS Feeds
Copyright © 2008 VALC.COM.VN. All Rights Reserved. Address: 6th Floor, No. 18 Ly Thuong Kiet Str., Phan Chu Trinh Ward, Hoan Kiem Dist., Hanoi, Vietnam.