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Tag: bamboo

Retail Asia21/03/2023
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General

FLC uses Bamboo Airways shares as collateral

1min0
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 Asia17/02/2023
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General

Vietnamese airlines race to find new investors

4min0
Pacific Airlines, Bamboo Airways, and Vietravel Airlines are seeking new investors to help them overcome financial difficulties and speed up their post-pandemic recovery. Vietnam Airlines, which owns approximately 98% of Pacific Airlines’ shares, has been searching for new investors for its subsidiary carrier since last year. The national flag carrier is also looking to sell […]
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Retail Asia22/11/2021
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General

Bamboo Airways set to list its stocks

2min0
Bamboo Airways plans to list on the Unlisted Public Company Market next quarter while preparing for an IPO in the U.S. Prices of the ticker BAV will be at least VND60,000 ($2.65), CEO Nguyen Khac Hai said in a statement Friday. UPCoM serves as a market to encourage companies to go public. Vietnam’s two main bourses […]
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Retail Asia04/11/2021
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General

Bamboo Airways signs $2-bln deal with Safran, GE

2min0
Bamboo Airways has signed a EUR1.73-billion ($2 billion) deal with France’s Safran and the U.S.’s General Electric for aircraft engines and equipment. The Vietnamese carrier on Wednesday signed a memorandum of understanding with Safran and GE to purchase equipment for 50 narrow-bodied Airbus A321neos and 30 wide-bodied Boeing 787-9s. Safran makes high-class airplane seats and […]
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Retail Asia21/04/2021
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General

Pandemic grounds 39 Vietnam aircraft

1min0
Vietnam had 39 aircraft, or over 14 percent of its fleet, grounded in the first quarter after a new Covid-19 outbreak cut travel demand. Eighteen of the grounded aircraft belonged to national flag carrier Vietnam Airlines, 14 to budget carrier Vietjet, four to Pacific Airlines and three to Bamboo Airways, according to the Civil Aviation […]
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Retail Asia16/04/2021
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General

Bamboo Airways plans US IPO in Q3

2min0
Private carrier Bamboo Airways is considering an initial public offering of shares in the U.S. this year to raise $200 million. The IPO is expected to take place in the third quarter, with the company likely to offer a 5-7 percent stake to secure a market capitalization of up to $4 billion, quoted its chairman, Trinh Van Quyet, […]
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Retail Asia09/04/2021
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General

Bamboo Airways warned for overselling tickets

2min0
Vietnam’s aviation authorities have ordered Bamboo Airways to stop selling tickets for the wrong flight slots after many passengers complained of canceled and delayed flights. Each airline has an allocated number of flight slots, meaning a specific period of time wherein an aircraft can take off or land at an airport depending on the latter’s […]
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Retail Asia31/03/2021
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General

Bamboo Airways secures flight slots in London

1min0
Bamboo Airways has got a slot allocated at London’s Heathrow Airport to fly six times a week from Hanoi and HCMC starting in May. The flights would be operated using the airline’s long-haul Boeing 787-9 Dreamliner aircraft. The carrier had stated its intention to fly to the British capital and Frankfurt in Germany in the […]
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Retail Asia09/10/2019
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General

Bamboo Airways eyes fleet expansion

2min0
Bamboo Airways plans to have a fleet of 100 aircraft by 2024 with the majority of them being Boeing 787-9 or Airbus A321. The carrier said in a statement Thursday it would lease the first Boeing 787-9 in October since the 10 it has ordered would not be delivered until the fourth quarter of 2020. […]
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Retail Asia15/05/2019
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Living

Sagara launches online Store Concept

1min0
Tableware firm Sagara Inc has opened a global website after setting up a retail store in New York to market its environmentally conscious tableware for children. The firm’s Reale brand, made from a new bioplastic raw material blended with native Japanese bamboo, is being made available for the first time across North America, including the […]
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Retail Asia19/11/2018
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Living

Bamboo Airways plans a year-end take off

3min0
Bamboo Airways, Vietnam’s newest airline, is expected to make its maiden flight on Dec. 29, its founder said Friday. The first routes of the country’s fifth carrier would connect Hanoi and HCMC, and from Hanoi and HCMC to central Quy Nhon City, said Trinh Van Quyet, chairman of Vietnamese private firm FLC, the airline’s founder. […]
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Retail Asia11/10/2018
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General

Bamboo Airways postpones maiden flight

3min0
The carrier, owned by Vietnamese private firm FLC Group, is yet to receive its license. The delay in getting its license meant that the airline also missed out on its plans to start selling tickets from September 2. A Ministry of Transport official, who declined to be named, told Monday that the licensing procedures for the […]
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