bamboo airways

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Retail Asia28/09/2023

After restructuring its flight network, Bamboo Airways has said it will also reduce the number of aircraft to lower costs. An executive at the airline said the restructuring in the past two months included discontinuing unprofitable routes. The airline has not yet announced the number or type of aircraft that will be grounded. According to […]

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Retail Asia18/09/2023

Sacombank, a major creditor of Bamboo Airways, is seeking approval from economic regulators to invest in the local carrier.< Phan Dinh Tue, a Bamboo Airways board member, said at an unusual meeting on Friday that acombank is a credit institution supporting Bamboo Airways with capital. Hence, Sacombank is genuinely interested in the restructuring process of […]

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Retail Asia21/08/2023

Prime Minister Pham Minh Chinh has asked relevant ministries to find solutions to Bamboo Airways’ issues on capital, transfer of shares to new investors, and its fleet expansion. The airline has recently faced many difficulties, especially in finance. In mid-July, it was rumored Bamboo Airways asked the government for bankruptcy protection, but the private airline […]

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Retail Asia12/07/2023

CEO of Bamboo Airways Nguyen Minh Hai has resigned less than two months after assuming the position. Following his resignation announced by the carrier on Tuesday, deputy chairman Nguyen Ngoc Trong will be the airline’s acting CEO. Hai was named Bamboo Airways’ CEO in late May, replacing Nguyen Manh Quan. Hai, 51, has a bachelor’s […]

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Retail Asia26/06/2023

Property developer Him Lam, the new owner of Bamboo Airways, plans to build an aviation ecosystem centered around the latter while expanding its presence in Asia. Bamboo Airways began flying in 2019 and became the first private carrier to operate wide-body aircraft. It quickly expanded its fleet to nearly 30 by the end of 2021 […]

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Retail Asia15/06/2023

Bamboo Airways posted an accumulated loss of VND3.2 trillion ($136 million) last year, higher than that of Vietnam Airlines and Vietjet. Although the company saw revenue tripling to VND11.73 trillion, costs still exceeded that figure due to difficulties in the Northeast Asia market and the Russia-Ukraine conflicts, which drove up fuel expenses, according to the […]

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Retail Asia23/05/2023

Bamboo Airways has appointed Nguyen Minh Hai as CEO to replace Nguyen Manh Quan with effect from May 24. The carrier said Quan had asked to step down from the position he had held since July 2022. Under his leadership, Bamboo earned record revenues in the second half of 2022 through innovative business initiatives. As […]

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Retail Asia10/05/2023

Bamboo Airways owes one of its directors, Le Thai Sam, almost VND7.73 trillion ($329.50 million) as of April 10, according to a meeting on Tuesday. Sam, who became a board member in July last year, will soon receive a 21.7% stake from FLC, which has been operating the airline since the beginning, according to a […]

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Retail Asia08/05/2023

National Citizen Commercial Bank plans to seek shareholders’ permission this month to sell 203 million shares, equivalent to a 11% stake, of Bamboo Airways. Property developer FLC pledged some of the shares as collateral for loans. FLC and its disgraced former chairman, Trinh Van Quyet, who is in custody for alleged stock market manipulation, had […]

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Retail Asia11/04/2023

Shareholders of Bamboo Airways, at an extraordinary general meeting on Monday, rejected plans for a private placement of shares to increase charter capital. The proposal for a VND9.57-trillion ($405.5 million) issue to increase the capital to VND28 trillion, restructure loans and swap debts for shares based on agreements with creditors was rejected by 56.4% of […]

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Retail Asia26/03/2023

Bamboo Airways plans to make a rights issue of shares to increase its capital by 54%, or nearly VND10 trillion (US$425.44 million), to fund operations and pay off debts. It will offer 35 new shares for every 100 held and the issuance will be made this year. It currently has a charter capital of VND18.5 […]

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Retail Asia21/03/2023

Property developer FLC will use nearly 155 million Bamboo Airways shares as collaterals for loans from lender OCB, repeating a decision it made three years ago. The company will also use golf project FLC Quang Binh Golf Links as collateral for the loans from the same bank. FLC used a total of nearly 155 million Bamboo […]

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Retail Asia17/03/2023

Bamboo Airways has found a buyer who is also willing to help disgraced former chairman Trinh Van Quyet deal with the financial consequences of his alledged crime. A spokesperson said Thursday that the identity of the investor would be revealed later. The buyer has agreed to take over the airline’s entire debts and provide Quyet with […]

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Retail Asia06/01/2023

Bamboo Airways has announced the founding of Bamboo Airways Cargo in an effort to develop a larger network of affiliates in Vietnam’s sparse aviation ecosystem. Hanoi-based Bamboo Airways Joint Stock Company (BAC) is launching with a charter capital of VND20 billion ($833,000), 75% of which has been contributed by Bamboo Airways, the carrier said Wednesday. […]

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Retail Asia09/11/2022

Three months after leaving Bamboo Airways, Dang Tat Thang has taken over as vice chairman and deputy CEO of conglomerate TNG Holdings. Thang will manage the external affairs of TNG Group and its various subsidiaries, and directly manage TNS and TNH, which have interests in investment, hotel management, trading, and services. Established in 1996, TNG […]

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Retail Asia02/11/2022

Bamboo Airways posted a loss of VND3.54 trillion ($142.38 million) in the first nine months, exceeding the total loss it recorded last year by 54%. Its loss has been increasing this year, from VND691 billion in the first quarter to VND1.39 trillion in the second and almost VND1.45 trillion in the third, according to calculations […]

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Retail Asia15/08/2022

Bamboo Airways on Saturday appointed Nguyen Ngoc Trong who has worked for the airline since the early days of establishment as its new chairman. Trong, 65, took the new position after his predecessor Dang Tat Thang resigned as chairman and general director. Trong served as the first deputy general director of Bamboo Airways from 2018. In April […]

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Retail Asia01/08/2022

Bamboo Airways appointed new general director Friday night after Dang Tat Thang, who helped set up the airline in the early days, resigned as its chairman and general director. Nguyen Manh Quan took the new position after having served as the carrier’s deputy general director. Quan joined Bamboo Airways in July 2020 and has 30 […]

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Retail Asia05/07/2022

Bamboo Airways plans to triple its fleet size to 100 by 2028, with new aircraft being delivered this quarter, despite major changes in its leadership. The airline is set to receive its 22nd narrowbody Airbus A321 jet and fourth widebody Boeing B7s87 this quarter, CEO and chairman Dang Tat Thang told shareholders at the recent […]

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Retail Asia20/06/2022

Bamboo Airways won the “Best Cabin Crew in Asia” and “Most Improved Airline in Asia” awards at the PAX Awards 2022 ceremony in Hamburg, Germany. PAX Awards 2022 was held on June 15 (Hanoi time) by the Canadian leading magazine covering cabin services industry PAX International. Truong Phuong Thanh, deputy general director of Bamboo Airways, […]

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